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From: | "Philip Robinson" <robph639@student.otago.ac.nz> |
Date: | Mon, 16 Oct 2000 09:27:38 +1300 |
Brian,
I like your suggestions and I also came to the
conclusion that it was probably a better to idea to split the two
categories like you have done, but I hadn't got as far as to decide on anything
more.
I see you have some criteria there for the
quantitative, are you proposing to have five categories with set out criteria,
scoring from 1 up to 5 eg. ROE: <5% = 1; 5-10% =2; 10-15% = 3; 15-25% =
4; 25+% = 5. or are you proposing to have a system where they either get 5 or
get 0, I am a little unclear. I would like to suggest a system like the former
because it means that there will be a nice spread in numbers over the seven
categories and it lets the good companies differentiate themselves from each
other, which my sheet does not do a good job on.
On investment companies I tend to feel that you are
investing in a person eg. GPG, and on transactional profits. This then means
that there is the potential for the person to leave or the transactions to dry
up or not be so good, so I really don't count them as potential companies for
our purposes. I sort of see them as quasi-semi listed unit trust because you are
"giving" your money to some else to try and maximise.
Cheers
Phil.
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