Forum Archive Index - October 2001

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

In my:

 

http://www.sharechat.co.nz/archives/2001/09/msg00098.shtml

 

I referred to shares in voluntary escrow. Twelve mill. have now been placed @ $ 4:

 

http://www.egoli.com.au/egoli_frame.asp?Frame=NewsandViews&File=17426

 

I believe that their debt ledgers' face value is now very close to $1 bill. Most of this was already under their management, before they bought these. A lot of these ledgers were never tendered out and this is another plus!

 

I believe that my previous forecasts are somewhat conservative:

 

http://www.sharechat.co.nz/archives/2001/08/msg00379.shtml

 

I believe that at the current rate of progress my predicted profit for the next two years ought to increase by at least $ 0.5 mill. 

 

The prospective P/E is now about 22.5. Although I already had CLH, I have increased my exposure while the price was down ( $ 4.06 ).

 

Gerry