Forum Archive Index - September 2001

["Richard Hooper" <hoop@ihug.co.nz>]

Dorchester announced today the acquisition of Lynx Finance for $7m  paid in cash ( no loan ).

Fantastic news ...as the directors are doing what they are saying ( refreshing news ) ....DPC is a growth company with increased profits each year .  This announcement out this morning ...and guess what ...DPC down 1cent (0.9%)...absolutely terrible ..what a gutless wonder  NZ investors are, in this country which is at the moment, one of the top performing economies of the world (probably by default  :))  )  , and a top class small company  growing bigger all the time is totally ignored by everyone ......

Well.... all I can say is .... Don't cry foul when all of a sudden NZ market takes off and leaves all the (negative) talk and no do woolly woofters  behind.  Nice to see many of them being burn't investing overseas, when NZ where they live, is taking off . Sucking money overseas and watching it burn ,when it could have been invested in NZ, only makes NZ poorer overall. I say let these Financial Traitors burn in Hell.( I do believe in overseas investment and a Global economy ..don't get me wrong ....however, what I hate is that herd mentiality stamping off into the the sunset of the so-called infallible USA Market at a time when it seemed I was the only one that knew that that Market was overcooked more than the Xmas turkey found in the oven on News Years Day.

 

Hope this generates a few responses out of this increasingly boring channel.

 

Ducking for cover

 

cheers

Hoop

 

Disc... own DPC  ..My Portfolio is 100% NZ owned and doing bloodly well this year ..up  38%  would have been more if I hadn't got seduced by sharechat  eg AQL (Sold with 95% loss) ITC FFS FRU.( still hold and hoping)

The Stocks to buy are the ones not commonly mentioned by Sharechatters .  Biggest gainers in my portfolio so far   WRI  RBC GPG REI CEN   recently sold SKC  BCH  STU  AIA  ,

Holding BRY (down 10%), accumulating CAH( 15% loss so far, av down), accumulating DPC, accumulating GPG . And a couple of others which I will not mention just yet.....sorry.. :))