Forum Archive Index - December 2000

["hugh webber" <hugh.webber@clear.net.nz>]

good times! thank God that as an investor I live in NZ and not the
US or UK with those sort of ratios available.

One has to wonder at the simple mindedness of the commentators
on for example TV1 News incl, I think, one or two sharebrokers
who should know better, wildly cheering for the surge in the NZ 
dollar. Apparently this is regarded as "good".
Aye? are we on the same planet? 
Higher NZ dollar is bad medicine spelling the end of our precious
new export led recovery and doom for Air NZ, Carter Holt, Affco,
& &. Could someone please take Judy Bailey and Richard Long
aside and whisper in their ears for a bit....

----------
> From: Derek Watt <watt250@hotmail.com>
> To: sharechat@sharechat.co.nz
> Subject: [sharechat] Strange times
> Date: Friday, 1 December 2000 18:04
> 
> You've got to laugh...
> 
> >WHAT NOW?
> >In the first leg of the correction in April, we adjusted our
> >attitude toward this new wild-west public market with the
> >new new rules. One of the rules was that an unprofitable
> >company (and certainly one without revenues) should never be
> >valued over $10 billion.
> 
> (note this is $25 billion NZ!!!!!!)
> 
> 
> Also about the markets reaction to Affco's profit - Overvalued at 47c
with 
> 7.5 c earnings per share + improving prospects ?
> 
> If so then most of the other shares on the NZSE are in big trouble.
> 
> Derek
> 
> 
> 
> 
> 
>
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