Forum Archive Index - September 2000

["NZTurtle" <nzturtle@clear.net.nz>]

I thought that the foolish four took the Dow Jones 30, ranked them by
descending dividend, took the top ten and then ranked by ascending price.
The lowest priced stock was ignored, you took 2 times the number two and
one lot of numbers three, four and five in the ascending price list.
Assuming that you were to invest $10K in the foolish four, you took $4K of
the number
2 ranked stock and then $2K in each for the numbers 3, 4 and 5 stocks. Hold
for one year,
carry out the same analysis and reconfigure the list based on the criteria
(buy/sell accordingly).

For the NZSE40 (not sure if this is the best comparison to the DJIA30) as at
08/09/00.
Company                          Yield%    Price    Purchased Shares
STEEL & TUBE     STU        13.1     148     2700
NATGASHLDG     NCH         9.2      155     1296
FLETCHER          FLB          9.0      232       831
CONTACT           CEN         9.3      255       772

Dropped number one was KIP (11.4%, 92c).

Just started looking at this so all IMHO. Was wondering if the assumptions
for NZ were correct. Has anyone here back tested or used this theory in the
NZ market (as I would be keen to hear of any results)? Failing this could
anyone suggest an easy source of dividend yields say for the September month
over the last 5-10 years?

Thanks in advance.

Turtle


al Message -----
From: "bachj" <bachj@paradise.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Saturday, September 09, 2000 06:44
Subject: Re: [sharechat] re foolish four


> Are these companies BigCaps as i think that is one of the prerequisites
with the
> Foolish Four. Seb.
>
> Andrew Cooper wrote:
>
> > These thoughts are exactly what the foolish four are about
> > ----- Original Message -----
> > From: Krypt Or <kryptz@hotmail.com>
> > To: <sharechat@sharechat.co.nz>
> > Sent: Saturday, September 02, 2000 4:35 PM
> > Subject: [sharechat] re foolish four
> >
> > > Re
> > > "
> > > stock   price           yld     R.P
> > > CDI     0.22         16.96      36.159
> > > DTL     0.29         15.99      29.693
> > > FOR     0.34         17.06      29.258
> > > NMP     0.5          18.63      26.347
> > > NAP     0.74         12.20      14.182
> > >
> > > CDI is the dropped #1
> > > "
> > >
> > > Of these:
> > >
> > > Can CDI show a consistant performance? Residential property
developement
> > is
> > > pretty cyclical?
> > >
> > > DTL - havnt heard anything positive about these guys..?
> > >
> > > FOR - this has gotta be a bargain..cinema going won't die in the short
> > > term...also NTA is .39....anybody heard about Peter Francis' plans
now?..I
> > > heard he wanted to flick FOR off? but I'm not sure if I believe
this...
> > >
> > > NMP - Not sure about these guys. Newmarket is about to undergo
substantial
> > > development and retail space will be abundant..
> > >
> > > NAP - I like this company. Substantial discount to NTA and a
diversified
> > > property holding around the country..no exposure to the over catered
for
> > > Auckland office market.
> > >
> > > welcome any comments on the above
> > >
> > > (hold none of these yet..)
> > >
> > >
> > >
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