Forum Archive Index - June 2001

["G Stolwyk" <stolwyk@wave.co.nz>]

1. International outlook.

Reports indicate that Europe is also being affected by a slow down.

The Dow and Nasdaq as well as European markets are moving downward.

 

Any prospective strong growth will be curbed by the Oil Cartel in the future. It seems that they have a disciplined organisation.

 

These items will make it difficult to make gains by the Long Term Investor, just now. It is a good move to keep up cash reserves.

 

Stock pickers may have a better time than Index Investors at this time.

 

2. NZ shares.

Four stocks from the " Work. at the Coal Face , inv results (6) " of May 20, are finally moving upwards : AIA from $ 3.60 to $ 3.80, SKC from $ 10.10 to $ 10.55 and still rising! , WAM from $ 3.80 to $ 3.90 and AFF from 31 to 36 cents.

 

Some are small rises but the market is a difficult one!

 

3. Australian shares. 

A mixed bag! Once the tax-loss sellers disappear, we may see a rise perhaps. Normally, things start to settle down after June 20.

I did recommend MIG at the beginning of May, the price was then $ 2.67; it is now $ 2.90 and there remains a good demand.

 

I hold this stock because this Infrastructure Group always seems to get in early with their hand picked projects. This enables them to increase the value of the projects in hand, considerably over time!

 

They have the intelligence, know-how and connections!

 

Their Midland project is worth billions of dollars while the German projects are not to be sneezed at, either!

 

Their web site: < www.macquarie.com.au/mig/mighome.htm >

 

It is very well run by the Macquarie Bank! The investor gets an exposure to various currencies and this is a positive as well!

 

Their investment in Australian key  roads is a superb one! 

 

I recommend this stock to the long term investor!

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Disclaimer: Readers are not asked to buy, hold or sell shares. to do so will be entirely at their own risk.