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Re: [sharechat] WAM

From:	"G Stolwyk" <stolwyk@wave.co.nz>
Date:	Mon, 26 Feb 2001 21:28:24 +1300

It was worth less than $1mill net profit to WAM !

There was some negative publicity- on TV- re the recycling methods of one of their contractors and that may have contributed to them losing the contract.

There is heavy competition out there and don't be surprised if it is going to be run at a loss in the books.

I think that one needs to keep in mind where the real profits are coming from, ie. landfills.The real action will start towards the end of this year!

Unfortunately, their website is still under construction, suggest the investor obtains a copy of their Annual report to appear soon: Phone 09-527 8044 or fax 09-570 5595

Gerry

Holds WAM

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