Forum Archive Index - October 2000

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

Maybe I was haisty turfing ANZ, but I see GPG and BRY as very personality
and transaction dependent and these are things which are very transitory.
Therefore I felt that they were inappropriate for consideration. Buffet
certainty doesn't go near them, except himself oif course. I see them as a
type of unit trust, giving your money to someone else to manage, not what I
look for when I buy a stock, very little control over anything and highly
dependent on a Person.

Just my thoughts Brian, you may have found a bias on my part.

I also tend to agree with Brian Gale, about sticking to the NZSE to start
with, once we have sorted out our criteria then we can quickly and easily
apply to any stock exchange, just my thoughts though.

Phil



----- Original Message -----
From: "Brian Gale" <brigale@i4free.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Tuesday, October 17, 2000 11:08 AM
Subject: Re: [sharechat] To get things sorted with the focus investor


> I am rather surprised that you arbitrarily turf out some stocks, doesn't
> that defeat the object of the exercise which is listing by merit. If you
> wish to refine the list why not use further criteria e.g. PEG to narrow
> down the list.  If you are happy with the listing from the Buffet criteria
> why not take the top 15 say from that list and further refine those.
>
> On Brian B's suggestion to look at the ASX that seems to be getting a bit
> carried away. IMO after you have finished with the NZSE Top40 it would be
> of interest to look at the Small Coys Index SCI where I think you will
find
> some potential candidates, but suggest you get some final short list for
> the Top40 first.
>
> Brian G.
>
> At 22:30 16-10-00 +1300, you wrote:
> >Focus Investors,
> >
> >I agree with all those that say to cut the list down, I propose that we
turf
> >GPG, BRY and ANZ . But WAM misses out by a point and I propose to put
that
> >one in, leaving 21 stocks, a large number than suggested but it does give
us
> >more scope to change things around, a recognises that my first attempt at
> >the analysis was a good effort, but very blunt, and we wouldn't want to
> >forget someone because I had screwed up would we.
> >
> >Krypt, you point out a weakness in my system, I own TEL and am bullish at
> >$5.35, medium-long term so was maybe a little generous with my points. I
> >should then probably disclose that I also have FAP and WHS which
> >conveniently made it on to the list also.
> >
> >What do people think.
> >
> >
> >Phil
> >
> >BCH 31
> >FRU 27
> >MON 27
> >WHS 25
> >AMP 24
> >POT 24
> >AIA 24
> >TWR 24
> >IFT 24
> >UNL 23
> >SKY 23
> >AXA 23
> >TEL 23
> >NPX 22
> >INL 22
> >FAP 22
> >POA 22
> >ADV 22
> >SKC 21
> >AIR 21
> >
> >
> >
> >
> >
>
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