I shared your feelings of sadness yesterday, i too was hoping the
trading
halt had something
to do with NZ sales.
Now my gut
feeling is that this offer is too low, i will decide based on the
U.K.
figures and the
advice of the Frucor managenet. May be wishful
thinking
but i think this
comany is capable of sustained growth, with a 10 dollar
shareprice within
five years. This French outfit obviously see a good
thing
and are hoping to
take advantage of our weak economy and low share prices
to snap up a
bargain.
As for
where to invest money. the NZ market has actually
performed
very well if
following good value stocks. Look what happened
to
FEG
3.50 to over 8 dollars
MON 2,20 to
around 5
CEN
2.40 to around 4
PDL
CED
ETC ETC
Sure
NZ is up for sale but there are going to be more good
opportunities to
profit from it.
I have been
building up a stake in Transrail, they are restructuring,
a large
shareholder wants out and its only a matter of time before
someone moves in
for the company.
There are many other currently
undervalued potential targets around.
Fact is if you
stick to quality under valued stocks, in time you
will
see a
return. One reason i was more than happy to pay 2.50
for waste
management shares recently
Nick
See IRG research reports
