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[sharechat] RMG Takeover Target?

From:	"ahf" <ahf@clear.net.nz>
Date:	Tue, 3 Apr 2001 21:06:37 +1200

I wonder if RMG is attracting the interest of GPG or others. The attraction of a company with a projected Aud $60m in income and trading at these levels must be of interest. After all isn't GPG's forte in buying companies with potential but with either undervalued shareprices or management hassles? On current prices the Co. is valued at a little under 1 1/2 times what it will earn for the year compared to say TEL at a P/E of 16. Even at half the relative valuation of TEL RMG's price should be Aus 80c. I think this company is very under valued at the moment.

Regards,

Andrew

Disc. I hold RMGOA

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