Forum Archive Index - February 2001

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

hmmm, I saw one tenth of 1 cent quoted as the net asset backing of
AQL in the media a month or two ago. When I pointed out the disparity
between this and its then share price of 3 point something cents on share
chat I was told it was because there were entrepreneurs queuing up
to buy AQL to back their profitable new enterprises into. Trouble is,
now the tech bubble has partly burst (and they weren't profitable anyway)
no one can actually suggest any specific candidates.
AQL will remain one of the classic cases of the NZ sharemarket I guess,
like Equiticorp, Chase, BIL.....or Poseiden in Australia.
Up to 23 cents on the basis of chasing 'names' rather than any quantitative
research, the darling of the momentum investors, and still it has its
devoted
fans even though you can hear the air continuing to slowly hiss out of its 
tyres.
Its something emotional and psychological I think; more space on sharechat
over the years than WHS and Baycorp combined.
Arrrrrrgggghhhhhhh! Its the AQL plague! 
I could buy a million and I would sound awfully rich and if it just got
talked up 
one cent on sharechat....Wow!
Nah, I'd rather watch the rugby.....


----------
> From: Lyall Taylro <lyall.taylor@lycos.com>
> To: sharechat@sharechat.co.nz
> Subject: Re: [sharechat] AQL
> Date: Saturday, 17 February 2001 22:25
> 
> What makes you think AQL is going to turn around.  It has been falling
> for a long time, and for good reason - why do you think its about to
> stop??  It still bemusses me why people continue to trade and remain
> enthusiastic about this stock.  The bottom line is there are no profits
> and no assets.  What are you buying??  Why pay 1.4c for 0.2c of assets?
> The fact that it has already fallen considerably, in this case, makes no
> difference.  There may be a 'new direction' being planned, but why not
> invest in one of the thousands of other companies there are to choose
> from, which already have an established direction.  Paying 7 times the
> asset backing for a new direction that is unknown to me is absurd.  You
> might as well go to Sky City Casino with your money - the odds are
> probably better.
> The only logical explaination I can think of here is that you currently
> hold AQL, and your trying to talk the stock up.  How can you possibly
> 'just know' its going to go up, when it has been falling consistently
> for years, and nothing has changed.
> 
> ????
> 
> -From the 18 year old pro
> 
> 
>
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