Forum Archive Index - October 2000

["Philip Robinson" <robph639@student.otago.ac.nz>]

Yes I picked this up and have added it below No commodity businesses, I
definitely read it in the books, but it slipped through the neurons. I would
also have to say that it is probably one of the top 2-3 factors, just look
at CEN and those guys; (trying hard not to be libellous as you say Hugh).

Phil

----- Original Message -----
From: "hugh webber" <hugh.webber@clear.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Sunday, October 08, 2000 11:35 AM
Subject: Re: [sharechat] Re: Buffett & NZ Shares


> excellent stuff.....trouble is that NZ is such a thin market
> that you have to scratch for Buffett shares without having
> all the necessary data but I still maintain its worth it becos
> of the benefits of the imputation credits and its the easiest
> way of avoiding overseas exchange level worries - stick to NZ
> and NZ $'s. Its what an NZ $ buys in NZ that counts and you'll
> find that a pound sterling in the UK only buys as much there as
> an NZ $ in NZ - or very much less in the case of petrol.
>
> I mentioned the NZ port companies as being candidates for the
> NZ Buffett list but Monsieur Krypt Or completely ignored my
> comments - not sure why.
> Sure there's a bit of competition from POT for POA but its really
> pin pricking and in the long run POA will crush that.
> I would think POA, POT, Lyttelton are all candidates and I notice
> even tiddlers like Timaru have been doing well.
> Lower NZ dollar, export boom...ports do well.
> Higher NZ dollar, import boom...ports do well.
> Bit like Baycorp does well in good times and bad...
> And they have a local consumer monopoly....
>
> One of my ignored comments was the requirements in Buffetology
> for good management which Buffett spends considerable time
> assessing. Sure its a bit hard to discuss management without
> becoming libellous but there are ways of doing it....
>
> cheers,
> hugh
>
>
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