Forum Archive Index - January 2001

["Philip Robinson" <pcr@ihug.co.nz>]

I got the February issue of Shares on the way home and its first article is a one and a quarter page one on Frucor. It should give it some nice exposure. The magazine was released on sale on the 12th in Australia though. BYW if anyone wants a good  overview of ASX issues and stocks I would recommend Shares. Only NZ$8.50.

 

Cheers

Phil

----- Original Message -----

From: nick

To: sharechat@sharechat.co.nz

Sent: Thursday, January 18, 2001 5:09 PM

Subject: Re: [sharechat] FRUCOR

              Exactly,  all told a good result, we all knew the figures from europe

  would be down due to distribution problems. In this part of the world they have performed

tremendously well,  like mike says they set themselves very high targets

and have come very close to achieving them.

           Before the float many people thought the figures in the prospectus were

ludicrously high and that the company would fall flat on its face. Since listing

frucor have shown that they are a very ambitious company, which is growing rapidly.

     When the result was announced the shares dropped back five cents, no doubt

due to the speculators taking quick profits from the runup in price.

The fall i suspect had nothing to do with the result itself which has to be seen as positive

 

   nick

With Frucor's highly optimistic growth figures forecast in its prospectus, latest stats appear pretty impressive IMHO!  If profit's only 5% below bullish prospectus forecasts and the company has distribution problems perhaps there will be even more earnings growth once they get the distribution hassles ironed out?

 

Disc: Normally shy of growth stocks after reading the likes of John Neff & David Dremen but couldn't resist FRU after reading 'Beating the Street' by Peter Lynch.

 

Mike Beal.