Forum Archive Index - February 2001

["nick" <acummin@es.co.nz>]

           Why is the Brierley share price taking so long to respond to

the dramatic improvement in the shareprice of Thistle hotels?

Thistle has jumped another 5% in the last two days and now stands

at 1.60 pounds a share, a 12 month high for the stock.

         Sure there hasnt been much action at Brierleys in recent

months, however they are slowly putting themselves in order, and their

portfolio is looking more promising than it has for a very long time.

Looking at the high discount to nta it can only be a matter of time before

 this stock climbs to a more reasonable level  45-50c a share.

     At 35 cents there has been some recent improvement but not much,

especially when it is the same price as a year ago  even though its main

asset (thistle) was trading at 60% lower levels than it is now.

 

 nick