Forum Archive Index - November 2001

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

Reference: " WORK.......Inv. results (11)" of  6 Oct, 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* 12.55    2.51  3.60   0.31  32.62 ( B 1 )

                                                                    ( + 18.0 % )

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:(0.8177)  2.88  7.56   4.25     3.00   21.63 (B 2)

                                                                     ( - 0.7 % )

 

3. CALCULATION OF VALUES :

 

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

TODAY's VALUE ( B1 + B2 ) :         $ NZ 54.25 + $ 1.43 #

 

# : Dividends: 24 cents as per item 4 on post of 22 June, 2001; Rest of dividends following 30 June year/half year: NZ 78 cents; also NZ 41 cents ( after cost ) from the QBE 1:5 cash issue in Nov. 2001. A total of NZ $1.43.

 

INCREASE ( $ NZ ):  12.6 % since Dec. 5, 2000 ( Was 5.1% on 6 Oct.2001 ).

 

Notes: Mean weighted date of investment: Dec 5 (ev), 2000, 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.

 

WAM: I passed some negative comments on 25 Aug. 2001, when It was $3.32. QBE was hit when the attack on the WTC took place on Sept.11, 2001. It was $ 10.30 before that.

 

* 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). 

 

The interest on that money till Dec 5 is sufficient to pay for the brokerage. Part was used to temporary finance the QBE cash issue.       

 

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:                             4.14* *     0.66      0.65 

Increase ( % ):                      + 55 %    + 32 %  + 51%

 

* * 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.