Forum Archive Index - January 2001

["G Stolwyk" <stolwyk@wave.co.nz>]

 

Please refer to my post of Jan. 3

 

1.The investments were made on 3 different dates. To facilitate future comparisons, I have calculated a weighted mean date which is Nov. 30, 2000.

 

All investments are deemed to have been made on that day and Nov.30, 2001 will be the last day of a year's investment.  

 

2.Latest result.

Based on current market prices ( $NZ ), the value of the stocks has increased by 11.5 % since Nov. 30 ( 7 weeks ).

 

To express the final Australian currencies in $ NZ, the wholesale rate of 0.8036 was used. No allowances were made for brokerage and stamp duty.

 

My result of Jan 3 mentioned that ideally a heavy weighting for LACO should have been used. However, I just invested in 1 share / option of each stock.

 

3. Discussion.

Since the result of Jan 3 was issued, the price of LACO rose from $A 3.60 to $A 4.15: < www.lang.com.au >

CLH rose 10 % to $A 3.13 and this stock with its advanced I T is popular amongst the Australian investors.

Its balance date is June 30. Expect a high P/E and low div. yield from this high quality stock!!  < www.collectionhouse.com.au >

 

The NZ stocks eg. AIA, SKC and BCH are starting to make a positive move at last! 

  

5. The next result will be in a detailed format.

 

Gerry