Forum Archive Index - May 2001

["nick" <acummin@es.co.nz>]

Well said phil , good to see you have put the companies
problems into perspective.  They made a bold leap trying
to crack the british market, in hindsight it looks like they tried
to do to much to soon. It has cost them a few million. Big deal
they can just cut the dividend, which i wish they didnt pay anyway.
       Looking at the shareprice slump one might think the
company is going down the toilet. This is a ridiculous state of
affairs. Sales in the southern hemisphere have been very strong,
the good range of drinks etc means they can afford to take
a few risks in the u.k  I would much rather they tried to much
rather than too little.
  NICK

>
> About comments on Frucor,
>
> I do not know if I could be classified as a Frucor fanatic, but as far as
> their strategy and progress is going I am still 100% behind them, and have
> not sold.
>
> I think you will agree with me when I say that an growth company will have
> hiccups in their strategy and progress...let me draw your attention to
>
> Frucor Beverages Group (NZSE:FRU) - Problems with UK distribution.
>
> Waste Management (NZSE:WAM) - Not getting the Auckland Rubbish Collection
> contracts caned their price and they are still down.
>
> The Warehouse (NZSE:WHS)- Australian growth problems that I am sure you
will
> all be aware of, they were caned also and have only recovered partially.
>
> Computershare (ASX:CPU)- Analysts doubts about their ability to reach
their
> goals in the US share registry market, this was followed by a
> sharp sell off. Only partially recovered.
>
> I don't follow Comsoft (NZSE) , but I read that they have had problems
with
> their receivables and therefore have suffered from a huge selloff.
>
> Going back a little Sky City (NZSE:SKC) was hit when the reds came to
power
> about the regulation of casinos in New Zealand and the possiblity of
> increased taxation. They when to low 6 or high 5 if my memory serves, they
> have recovered fantastically.
>
> So I just wanted to make the point that when you buy into a growth
compnaies
> story you really have to be prepared for a few upsets along the way. A
large
> part of my portfolio is Frucor Beverages Group Limited and I am
considering
> increasing my stake at this low price.
>
> Just my thoughts
> Phil
> (Hold FRU & SKC, but none of the others mentioned)
>
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