Forum Archive Index - March 2001

[nickkearney@xtra.co.nz]

> Dave

I think you might have to wait longer than 6 months!

NK

> From: "Dave" <sausage@thenet.net.nz>
> Date: Wed, 21 Mar 2001 08:42:59 +1200
> To: <sharechat@sharechat.co.nz>
> Subject: Re: [sharechat] RMG - time to buy / time for bye-bye?
> 
> I think a lot of people were expecting some sort of miracle from this
> company.
> I'm not particularly worried with its situation at the moment. Since listing
> it has systematically taken over 22 other companies. This is bound to strain
> the financials in anybody's books.
> 
> The question, as other chatters have pointed out, is can the company bring
> it all together and realise the synergies and scale benefits from creating a
> firm with a regional presence? Obviously there is a lot of inherent risk in
> this stock at the mo. - the company has undertaken an agressive strategy
> which could result in disaster or huge growth.
> 
> Personally I've put my money where my mouth is and banked on the later. Give
> them six months if you can bear the risk. I think a lot of the worrying
> points in the financials are one offs.
> The receivables management market is evolving rapidly at the moment so I
> think there is lots of potential for big players.
> 
> Dave
> 
> 
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