Forum Archive Index - September 2001

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

Reference: " WORK.......Inv. results (9)" of 23 August, 2001. Readers, please note the disclaimer at end of this page.

 

1. NZ STOCKS and PRICES ( $ NZ ) :

 

Companies:   BCH  SKC   WAM   AIA   AFF   Tot. ( $NZ )

Rec. 4/11/0                                           0.44

Rec.10/12/0   11.90   7.91    4.35   3.05           27.65 ( A 1 ) 

Price now:   13.65* 10.90    2.65   3.35  0.32  30.87 ( B 1 )

                                                                    ( + 11.6 % )

2. Aus. STOCKS and PRICES ( $ A ) :

 

Companies             TAB  QBE  CLH   LACO  Tot. ( $NZ )

Rec.4/11/0(0.7633)                                2.38    3.12

Rec.18/11/0(0.7720)                   1.73               2.24

Rec.10/12/0(0.7816) 3.48   9.36                       16.43

                                                                     21.79 (A 2)

Price now:(0.8229)  2.44  9.29   4.26     2.90   22.96 (B 2)

                                                                     ( + 5.4 % )

 

3. CALCULATION OF VALUES :

 

BOUGHT ( A 1 + A 2 ) :                  $ NZ 49.44

TODAY's VALUE ( B1 + B2 ) :         $ NZ 53.83 + $ 0.26 #

# : Dividends: 24 cents as per item 4 on post of 22 June, 2001; also WAM: 2.5 cents.

 

INCREASE ( $ NZ ):  9.4 % since Dec. 5, 2000 ( Was 16.2% on 23 Aug, 2001 ).

 

Notes: Mean weighted date of investment: Dec 5, 2000 (ev) as per post of Jan. 22, 2001.

Re AFF: Recommendation was cancelled after the Annual Meeting in 2001, when it was 36 cents. TAB: Recom. cancelled on July 2, 2001, when it was $ A 2.98.

 

Comment: Problems with AIR as well as the attack on the NY Trade Centre have affected values of AIA ( Airport) and QBE ( Insurance).

 

* While this series was designed not to be altered, an exception was made in the case of BCH. I have declined the offer to merge with DAD and BCH was sold @ $ 13.65.( It was $ 13.90  a few days before the sale).       

 

4. OTHER RECOMMENDED INVESTMENTS :

Company :                             MIG        MMD     RBC

Rec. May 16, 01 ( $ A )            2.67

Rec. April 26, 01 ( $ A )                          0.50 

Rec.March26,01( $NZ )                                        0.43

Price now:                             3.53* *     0.55      0.70 

Increase ( % ):                        32.2        10.0       62.8

 

* * Includes div.of NZ 5cents( after tax) and NZ 26 cents ( after costs of 1.5%) as a consequence of the 1: 1.7 cash issue. 

 

Gerry 

( I hold these stocks ).

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