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Re: [sharechat] INVESTMENT PROPERTY - AIA

From:	"G Stolwyk" <stolwyk@wave.co.nz>
Date:	Wed, 9 May 2001 11:33:17 +1200

The problem is to recognize a good investment when you see one!

AIA was listed July 1998 @ $ 1.90, rose to $3.10 and fell to $ 2.30 in about March 2000. I bought mine at about that time.

The Auckland Councils do not want to sell their shares in AIA and there are good commercial reasons:

The total amount of dividends since listing will be 27 cents - this includes the final div. to come. When added to the current price of $3.43, we get a total of $3.70!

Since listing, we have a compound return of a non taxable 25% !!!!!!!!!!!!!!!!

No wonder, the Councils are not selling!

And now we have contributors discussing " ways and means of loosing one's shirt, and loving it !!"

I would have thought that people had recognized this advice.

Unfortunately some brokers are not pushing AIA at present and presumably, many contributors still think that paid advice is better!

I rest my case!

Gerry

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