Forum Archive Index - December 2000

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

I don't know anything about WAM but don't forget the old saying that
where there's muck there's money and plumbers always do very well
don't they. 
Providing somethings not morally reprehensible like adult.shop or a casino
why worry what a good company does as long as its well managed and
has the attractive ratios. Don't be squeamish about making money out
of Aucklanders, its like taking candy off children.

cheers,
hugh

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> From: Jefley Aitken <jefley@xtra.co.nz>
> To: 'sharechat@sharechat.co.nz'
> Subject: [sharechat] Any opinions
> Date: Monday, 11 December 2000 12:30
> 
> hello 'not important'
> your raise interesting questions regarding a choice from AIA, AIRVA, or 
> WAM.
> 
> First, dont worry about being in the garbage disposal business -- every 
> school kid does projects on it these days and it is an increasingly 
> important (environmental) business.  In the Otago Daily Times last week 
> there was a large article on zero-waste and recycling etc -- the theory
and 
> practise of landfill and rubbish dumps is changing extremely rapidly and
i 
> understand that wam is a leader at thinking outside the square.  it's 
> stingy divi is more of a concern.  i bought recently at $4.12 on the
strong 
> recommendation from my broker, but am quietly thinking that i will sell
on 
> a strong rise because i favour good divi stocks.
> 
> AIRVA is cheap, the bad news is known, tourism is growing, the divi 
> acceptable.  i plan to hold mine until the price is so good that i'd be 
> daft not to take a profit.
> 
> AIA is a stock i've been monitoring but havent built quite enough 
> enthusiasm to buy.  i'll also confess to a "what will people think"
feeling 
> ("nice" mainlanders don't get involved in businesses with "auckland" in 
> their names)  ...  such silliness may well be why my porfolio's such a 
> mess.
> 
> of the three shares you suggest, imho that airva is the best at the
moment. 
>  cheers, jefley.
> 
> 
>
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