Forum Archive Index - December 2001

["nick" <helmett@xtra.co.nz>]

       GPG has been fairly active this month, increasing holdings

in dawson international to over 25% and also buying shares

in a footwear company stylo.

        The stock is rated a buy by many analysts and is trading at a

larger than normal discount to real value of around 2.15.

They have apx 500million in cash reserves and will be starting to

find homes for this cash.

        The shareprice has been fairly weak since September but is

starting to show signs of life and is slowly eating away at the

resistance at 1.60. Once it breaches 1.60 it should begin to move upwards.

Market depth is also looking more encouraging in the last week or so.

    Over the last ten years they have rewarded shareholders with compound

growth of nearly 17% per annum,  GPG provides a good way for NZ investors to

gain exposure to other markets such as the U.K where much of GPGs

business is done

 

 Nick