Forum Archive Index - February 2001

[Faizal <faizal_nz@yahoo.com>]

i see no one seems to beleive that AQL's gonna go up.
we'll just hav to wait and see.


--- hugh webber <hugh.webber@clear.net.nz> wrote:
> 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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