Forum Archive Index - May 2001

["Shares" <secondstep70@hotmail.com>]

An exceprt from The Australian Financial Review - Wednesday 28 February 2001- not sure what to make of it. Any comments?

 

"...When the company announced a 142 per cent increase in profit in the year to July 2000 some sharemarket analysts thought the result was too good to be true and questioned the way the company applies discount rates on its property portfolio.

It’s a note to clients at the time, Credit Sussie First Boston said it was not comfortable using Challenger’s reported profit as a basis for valuing the company.

But Mr Ireland said yesterday that Challenger’s accounting practises were no different to those of any other life insurance company.

“(CSFB) don’t necessarily agree that’s the way we should do it, but I say these are the life accounting standards that we operate by,” he said."

 

----- Original Message -----

From: G Stolwyk

To: sharechat.co.nz

Sent: Sunday, May 20, 2001 3:07 PM

Subject: Re: Re: Re: [sharechat] CLI - Challenger International Ltd

 

Thanks for your efforts, sofar!

 

Any other readers having a look at : www.challengergroup.com.au

 

 

Any of you wish to comment on any investment in this company, be it positive or negative ?

 

I won't be commenting on your posts and that should be some encouragement to some who may be shy!

 

Gerry