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[sharechat] BAYCORP

From:	"mrgoodall" <mrgoodall@xtra.co.nz>
Date:	Sat, 18 Aug 2001 11:49:26 +1200

ALTHOUGH THE MARKET WAS LARGLY EXPECTING TODAYS RESULT FROM BAYCORP

IT IS INTERESTING TO NOTE THAT THE MARKET HAS ACCEPTED A PE OF 61 FOR THIS STOCK RECENTLY. AFTER TODAYS PROFIT ANNOUNCEMENT THE PE HAS DROPPED BACK TO 40, IF THE SHARE PRICE WAS TO CONTINUE BACK TO SUPPORT THE ORIGINAL PE THE SHARE PRICE WOULD BE $19.50,

(DISC HOLD DAD)

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