Forum Archive Index - October 2000

["james.chamley" <james.chamley@xtra.co.nz>]

Roy wrote:
> 
> The sun is out and I am feeling positive again.
> Looking at my old favorite BRY.
> This share has given me more trading profits over the last 20 years
> than any other...
> 
> Consider:
> - Their recent blip has finished
> - NZ briefing at end of October
> - Converting shares to US dollars
> - Consolidating shares 2 for 1
> - Will be due for some "promotion" activity to Asian & US investors.
> - Reasonable volumes still being traded on NZSE
> - Last blip was more than 10%!
> 

I have to agree that BRY is starting to look good - a 2/3 retracement of
its recent fall would take the price back to 40 making for an 18% gain
on its current price of 34.  Volumes are still weak however.

On a more fundamental side surely its earnings cannot be hurt by the
poor exchange rate for the NZ peso?

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