Forum Archive Index - February 2001

["Chris Castle" <captain@voyager.co.nz>]

Hugh,

>From memory I think that the response you got a month or two ago re the
relationship between the NTA and the market value of AQL was a generic
comment about the value of sharemarket listings generally and not
necessarily specific to AQL.

Re entrepreneurs, they are hard to stamp out and although opportunists are
again evident in this recent "techno bubble" cycle they, as you know, play a
key role in bringing opportunities to the market. If the offerings are
garbage they are sussed fairly quickly (or run out of cash) but heaven help
us if we are limited solely to switching between the market leaders that
have driven the NZSE nowhere since 1987.

(All of the above IMHO and I don't hold AQL)

Regards,



----- Original Message -----
From: "hugh webber" <hugh.webber@clear.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Sunday, February 18, 2001 7:04 AM
Subject: Re: [sharechat] AQL


> 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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