Forum Archive Index - December 2001

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

Reference: " WORK.......Inv. results (12)" of  2 Nov., 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* 12.40   2.66   3.73   0.34  33.18 ( B 1 )

                                                                    ( + 20.0 % )

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:(0.8018)  2.79  7.30   4.45     3.30   22.25 (B 2)

                                                                     ( + 2.1 % )

 

3. CALCULATION OF VALUES :

 

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

TODAY's VALUE ( B1 + B2 ) :         $ NZ 55.43 + $ 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 ):  15.0 % since Dec. 5, 2000 ( Was 12.6% on 2 Nov. 2001 ).

 

Notes: Mean weighted date of investment: Dec 5 (ev), 2000, as per post of Jan. 22, 2001. The results therefore present a full year's investment. 

In July, the Australian investments were 30% ahead! 

 

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 was sufficient to pay for the brokerage. Part was used to temporary finance the QBE cash issue. All upfront costs have been paid. The sales brokerage of BCH has been paid as well.

 

Please note that these shares were not weighted. My stocks always are.

 

No further reports will be issued on this series!

 

##################################################

 

ADD: LATER RECOMMENDED INVESTMENTS :

Company :                  MIG  MMD  RBC  PTD  LACO  CLI

Rec. May 16, 01 ( $ A ) 2.67

Rec. April 26, 01 ( $ A )         0.50 

Rec.March26,01( $NZ )                   0.43

Rec.Sept. 29,01 ( $A )                             2.30 

Rec. Oct.  11,01 ( $A )                                       2.90 

Rec. Aug.  14,01 ( $A )                                               3.85

Price now:                 3.67#  0.68  0.65   4.11    3.30  3.21

Increase ( % ):            +37    + 36  + 51  + 79    + 14   -17

 

# Includes div.of 5cents( after tax) and 26 cents ( after costs of 1.5%) as a consequence of the 1: 1.7 cash issue.

Notes: Upfront costs have not been paid. 

 

PTD: Waiting for a Patent to be approved. At this stage, there is no certainty that it will be granted:

 

LACO: Waiting for the result of a prime Railway tender. The joint venture TOL - LAC is one the bidders. Result to be announced in Dec.2001.

 

CLI: Many investors think that the value is there but the market has sofar disappointed! Still, the 20 largest holders have about 68% of the stock!

 

Gerry

Holds 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.