Forum Archive Index - May 2001

["David Ling" <seechoke@hotmail.com>]

As mentioned before, THL is a recovery story - for 6 to 12 months down the 
track. Short term, several institutions are selling out of their large 
positions so the share price will conrinue to come under pressure - AMP, AXA 
and Carmel Fisher's small cap fund (who incidentally picked Frucor as well).

Why are they selling out - Australia continues to be problematic and 
management credibility after three profit downgrades is pretty bad to put it 
mildly. NZ is doing fine.  So Australia has to turn for the stock to 
perform.  This will be about 6 months away.

Several reviews have recently been done by stockboking firms downgrading the 
company's profits ... interesting reviews actually when you consider that a 
year ago, the same firms could not speak highly enough of the company!
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