Forum Archive Index - March 2001

["charlie brown" <gordy_gecko@hotmail.com>]

$1.5-2m - what's that going to buy? a Popsicle? not going to make much money 
sucking on that....

>From: "Greg McDonald" <gregmcd@world-net.co.nz>
>Reply-To: sharechat@sharechat.co.nz
>To: <sharechat@sharechat.co.nz>
>Subject: Re: Re: RE: [sharechat] Damba (DMB) - on the improve.
>Date: Fri, 9 Mar 2001 18:06:02 +1300
>
>I agree that the future is certainly looking better for Damba.
>I have closely followed this stock (and held it) for the last three years.
>Over the last three years they have paid out some amazing returns-tax free 
>capital returns-11cps & 7.5cps and a tax paid 2.5cps dividend !!!!!!.
>This seems to have not done the shareprice any recent favors..
>The most recent years has seen revenue rise strongly and now we are seeing 
>strong growth in profits
>I agree that the stock has low liquidity,  but when you have such good 
>management(Simon Wallace), cash in the bank, some very real,innovative new 
>diversified investment opportunities who would want to be a seller??????? 
>-Very few !!!!!
>Damba has at the ready 1.5-2 million sitting in the bank ready for new 
>investments.
>Their decision to not splash out dividends now will only bring much better 
>things for those with a little patience.
>
>Look into it yourself...........- any more feedback??????

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