Forum Archive Index - January 2002

["Ben Dutton" <bendutton@sharechat.co.nz>]

Great idea Dick, here's my pick.

Even though I don't own any (at the moment) I've always had a soft spot in
my heart for the Warehouse.  This company is a Kiwi success story - Stephen
Tindall has stewarded the company from humble beginnings to a now formidable
force that owns the retail market in NZ.  It has an excellent history of
shareholder returns and looks to grow even further as it branches out into
other areas.  Sure they've stumbled a bit in Australia but that looks to be
sorting itself out.  I'm convinced that The Warehouse has a winning formula
and will be watching the company with a keen interest over the coming years.

And (is this the clincher?) in a recent visit to New Zealand I picked up a
swag of classical and jazz CDs starting at $2.99 per CD - what a bargain! :)

Best Regards

Ben Dutton



----- Original Message -----
From: "Dick O'Connor" <callme_nz@hotmail.com>
To: <sharechat@sharechat.co.nz>; <Phaedrus@techemail.com>
Sent: Tuesday, January 08, 2002 9:13 AM
Subject: [sharechat] What's Your Favourite Share


> If I may suggest it, what say we talk about success for a while.  How
about
> each person naming a favourite share (or two or three if that's what
anyone
> wishes) and then explaining why it's so attractive. I'm not talking about
> 5c shares that might double if they get a northern breeze under their
tail,
> but quality shares that have made very pleasing investments. What share do
> you own that you like the most?
>
> I've been clearing out some old files and came across some of the articles
> written by the late Adrian Sturman in the Auckland Star around 20 years
ago.
> People who have come to take an interest in the sharemarket in recent
years
> are unlikely to know what a good financial writer we once had in Auckland.
> (The Herald, unfortunately, avoids like the plague any talk by its staff
of
> shares as an investment.)
>
> At the end of 1982, Adrian named his 10 top picks for the next year. That
> was an extremely difficult time and it was hard to work up enough
enthusiasm
> to put even $10 into the market. But we followed America into a recovery
and
> at the end of 1983 his 10 picks had,as a group,  doubled in price. The
best
> was Progressive (Foodtown) which was up 200%. Said Adrian: "Undisputably
our
> No 1 growth  stock ..and never too dear."
>
> This was his favourite stock and he said things like that about it often.
> The trouble was that you kept thinking  it had already risen too much and
> you had missed the bus. Finally,  however, I took his tip, bought a few
> shares,  and made a few dollars, but nothing like what some people would
> have made by waking up earlier.
>
> I think we all have a favourite share; one we wouldn't like to part with,
> and one  we are always tempted to buy more of when the price looks right -
> something we enjoy owning, an investment that has been satisfyingly
> successful.
>
> How about telling us about your favourite? With a bit of luck we could end
> up with a very useful list worth keeping an eye on.    What does everyone
> think?
>
>
>
>
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