Forum Archive Index - February 2001

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

 

Peter,

 

Thanks. At this stage, LANG' s total market cap is approx. $A 3 bill.!

Translated into NZ$, this amounts to 8.4 times the cap. of Auckland seaport! ( I assumed that LACO were $A 4.40 while the cash issue were paid up )  

 

Lang would consider NZ Transrail with its decayed structures as another "disaster" or "dump", I think. 

 

If LAC could see that massive improvements could be made at the Auckland seaport, they could have a go perhaps.

 

It is quite possible that its growth prospects may be lower than what they want: NZ's growth rate is below that from Aussie!

 

You were talking about Rail in Aussie, I think you hit the mark there! Toll holdings could be interested as well!

 

I made a very intensive study of LAC and recommended LACO well before any broker in Aussie had heard about them.

 

There is a lot of money from many people in this stock!

These investors include many NZdrs and Aussies who read these columns and want some serious timely comment.

This will help them, I hope.  

 

The LACO price has now steadied in the meantime!

 

What I did not mention was that the massive increase in market cap. and corresponding weighting in the index, will force institutions to hold more LANG stock! Thus, at some stage we may see some scarcity, we hope!

 

It will take some time before the market realizes this, but they will anyhow! 

 

By the way, CLH is building up a nice "head of steam" at around $A3.60+, I see.

 

Regards,

 

Gerry