Forum Archive Index - October 2000

["P Maiden" <pmaiden@xtra.co.nz>]

Krypt Or

 

You need to consider past performance re return on shareholders funds (in total $5 B) as to one of the reasons for negative sentiment

1996   9.3% 

1997   5.1%

1998   3.1%

1999   1.3%

2000   4.1%

 

CAH have also discounted returning the $2.5B cash they are sitting on  back to shareholders. Hopefully being invested outside the business (on their own past performance)and if this is the case it will be interesting to see how much earnings come from investments compared to core operations.

 

And don't you have to have some concerns over the value of their forests when you consider what has happened this week.

 

What RIL siad earlier today re FCL also applies to CAH

FCL has burned billions of Kiwi dollars over the last few years and no one has said boo. Misallocate billions of Kiwi's savings and you wonder why your economy is the joke of the developed world.

 

 

But then take heart from CAH own reports -

 

"If you admire performance improvement embedded in a company's culture with the results to prove it, if you're inspired by the potential of people and the ongoing innovation of a company 100 years strong, maybe it's time you invested in Carter Holt Harvey - Australasia's leading forest and wood products
company"

 

 

In saying that things do seem to be on the improve with CAH but they don't give me the confidence to put my money in.

 

 

Peter