Forum Archive Index - August 2000

["David Thompson" <dvd_tpn@hotmail.com>]

Hi John,
Good to see an Aussie taking an interest in our stocks. The one stock which 
has been a top riser in NZ since it listed in May is GDC Communications. I 
attach below an extract from The National Business Review (our leading 
financial newspaper) written by the paper Stock Exchange writer and 
published only yesterday.

There's another article on GDC in the Stocktake column of Sharechat which 
you can access on the following url - 
http://www.sharechat.co.nz/articles/20000425-stocktake.shtml

I have held this stock since it first listed and all expectations are that 
the share price will just keep going up especially with an excellent result 
due at the end of December. I also understand that a major acquisition is 
being worked through at the moment and this is why the company was partly 
floated - to raise money for an acquisition. Good luck and keep investing in 
NZ.
Cheers,

David Thompson

-----------------------------------------------------------
NBR/18 August 2000

To date, GDC has been the hotshot of this year's listings and has been the 
best performer of all companies on the sharemarket this year. It has only 
been listed for three months.
GDC's prospectus projected net profit of $4.07 million for the year ended 
December 2000, which would be 10.75c a share for the current 37.86 million 
shares on issue.
The prospective price/earnings multiple at last week's price of $4.95 would 
be a massive 47.2 which is up there with some of the fancy p/es applid to US 
technology stocks but with a difference; GDC has sales revenue ad earns 
profit.
Net profit for the six months ended June was $1.34 million, an increase of 
27.8% over the $1.05 million earned in the corresponding period of the 
previous year.
The company's interim report said the directors were confident the company 
would exceed the prospectus profit forecast. The market must be expecting 
excellent performances in future years given the share price.
________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com


----------------------------------------------------------------------------
http://www.sharechat.co.nz/          New Zealand's home for market investors
http://www.netbroker.co.nz/        Trade on Credit, Low Brokerage. Join now.
----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/forum.shtml.