Forum Archive Index - October 2001

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

On 15 August, 2001, I recommended this stock:

http://www.sharechat.co.nz/archives/2001/08/msg00250.shtml

 

I bought some @ $4.03 and took part in the 1:9 cash issue @ $3.10. This money was used  to form a company in the UK. CLI bought a number of properties there with rental periods of 15-20 years, blue chip tenants.

 

In the UK, it is compulsary beyond age 75 to purchase annuities. CLI has applied for a licence that will allow it to offer annuities : See pages 21, 22 of the 2001 annual report. This 107 page report is read in pdf format on their web site:

< www.challengergroup.com >  

 

On 30 Sept. 2001, I forwarded this post:

http://www.sharechat.co.nz/archives/2001/09/msg00578.shtml

 

Friends and I bought a considerable amount of stock @ $2.40 -$ 2.60. We were very confident that we would see some good price rises.

 

And there were! CLI is now $3.48 and still has a lot of ground to make up.

 

My views have not changed and I still consider CLI to be worth more than $7. 

The Annual meeting is on 22 Nov. 2001. 

 

Gerry

Readers are not asked to buy, hold or sell CLI stock. To do so will be entirely at their own risk.