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Re: [sharechat] RMG - agenda item at AGM

From:	"Adrienne" <artemis@xtra.co.nz>
Date:	Fri, 18 May 2001 14:13:32 -0700

RMG was briefly analysed in the most recent quarterly newsletter from Challenger Coronet Equity Trust. It is one of their top 10 shareholdings. After commenting that the share price fall recently was partly due to delays in consolidating IT systems, causing a cost overrun, the newsletter goes on to say:

"We had been buying shares in RMG prior to the share price fall. Following in depth discussions with management and industry participants we have continued to buy at lower levels. With the focus and changes that are occurring within the company it is difficult for us to see how RMG will not generate significant cash flow from its existing business over the next few years let alone from any growth it participates in in its rapidly growing industry sectors.

Even an average improvement in the operations of this company will see its share price doubling and when compared to the valuations some of its competitors attract RMG will still be cheap."

Adrienne

Disc own RMGOA

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