Forum Archive Index - November 2001

["geoff_julie" <gk_jawalker@paradise.net.nz>]

 

Hi Gerry,

 

excerpt from McEwen, "his pick of the week"

27 Sept 01 Share of the Week. Food is considered a defensive sector while technology is not. But what about a food technology company? Vending technologies has been badly hit in the past month but I think it may be oversold. It may deal in high-tech food and drink vending machines but it is only exposed to Australia and New Zealand markets and is dealing with products that people need. It is being prudently managed with the cancellation of a rights issue and takeover of an Australian company in the face of changed operating conditions. This leaves the company in a financially sound position with the prospect of maintaining cash flows. Even if it achieves no growth this year (its interim result is due out in November), it should still deliver 24c a share in earnings, which is pretty attractive as its current share prices. As a newly listed company with no track record, VTL doesn’t make my list of must-have investments but it looks to be a good speculative BUY (latest price $2.65) for those with an appetite for higher risk. McEwen’s Investment Report (MIR #162)    

 

Regards

Geoff Walker

disclaimer:    hold VTL