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From: "John Scott" <buccleuch@xtra.co.nz>
Date: Wed, 5 Sep 2001 14:28:33 +1200


Title: sharechat message boards
Hi
Would you please post this article on the Forum site in addition to the Message Board.
Thanks
Regards
SCOTTY
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Welcome, SCOTTY



Topic Smiths City Group Ltd (SCY) - On the unl

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By SCOTTY On 05/09/01 10:35

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Overlooked & undervalued S.I. retailer. Has strong sales, market share & earnings growth. SCY now has with its wholly owned Powerstere chain, 30 stores covering the whole South Island.T.O. is $165mil. Good divi yield & low P.E. trading at substancial discount to a very conservative asset backing. There is an interesting article on page 31 of todays Christchurch Press re future development of their Christchurch flagship store.
Well worth a look. Full financials on their site :www.smithscitygroup.co.nz.
Disclosure: Yes I am a shareholder.



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