Forum Archive Index - May 2001

["Jim Insley" <jinsley@paradise.net.nz>]

Thankyou David....cheers, Joy.


----- Original Message -----
From: David Ling <seechoke@hotmail.com>
To: <sharechat@sharechat.co.nz>
Sent: Friday, May 18, 2001 7:22 AM
Subject: [sharechat] re : THL (Why Not Performing)


>
> 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!
> _________________________________________________________________________
> Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.
>
>
> --------------------------------------------------------------------------
--
> http://www.sharechat.co.nz/          New Zealand's home for market
investors
> --------------------------------------------------------------------------
--
> To remove yourself from this list, please use the form at
> http://www.sharechat.co.nz/forum.shtml.
>


----------------------------------------------------------------------------
http://www.sharechat.co.nz/          New Zealand's home for market investors
----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/forum.shtml.