Forum Archive Index - February 2002

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

         Im an investor not a speculator, my posts regarding LSG have been
concerned with the fundamentals of the company. I consistantly made several
points concerned with fundamentals.
I do not expect this stock to rapidly increase in price, however i do expect
it to perform well
in the medium term.
          Your comparison with ITC is interesting, they are in a similar
buisness in some ways. Investing in new promising concerns and providing
capital so they can grow into independent buisnesses.
Look at the comparisons
    LSG  9 out of 13 investments looking very good  ITC  1? several gone
belly up, one after only just being acquired
   LSG  buisnesses now at a stage when they can be floated off. ITC years
away
 LSG  45million to spend    ITC broke
LSG  doing well enough to give a dividend     ITC   begging for money.

 Nick



Subject: [sharechat] LSG - speculative or a solid investment?


> Nick - some of your posts re LSG seem to be getting more passionate and
> urgent, using capitals etc.
>
> Your comments that LSG is 'ready to roar' and 'the sky's all blue' suggest
> that easy fast money is to be made here.
>
> For your own sakes hope you are correct.
>
> Honestly though are you are in for a bit of speculation and quick gains?
> Your posts seem to suggest that most of the future gains for LSG investors
> is bringing companies where (investments have been made in) to market, and
> cleaning up as IPO excitment takes over. And that will not happen
tomorrow.
>
> Even though you have mentioned that LSG is a developmemt company have
> potential investors appreciated that in essence LSG is a venture capital
> fund (with some tax advantages).
>
> Nick, you refer to ITC a lot. Isn't LSG a similar company but investing in
> resources? Potential investors need to understand this.
>
> Back to your comment 'ready to roar'. Suggests extraordinary returns. But
> LSG has 12 or so investments. Diversification (or spread of investments to
> manage risk) to this degree inhibits extraordinary returns - all
investments
> need to succeed for the whole 'to roar'.
>
> No doubt LSG is a good entry for anybody who wants exposure to a range of
> smaller resource companies, with lower risk than putting all their money
> into just one or two stocks.
>
> Maybe gold and other metals will take off and this will make some of LSG
> investmenmts more valuable.
>
> Nick, if you are not in LSG for a quick buck you are obviously in for a
> longer time frame. Where do honestly think LSG will go? Do you think that
> future returns will be more aligned to a solid (as compared to 'roaring
> ahead' etc) investment comapny like one of your other favourites GPG.
>
> Nothing personally against LSG, it possibly is a good investment. Just
> taking Nick to task about what are possible extravagent claims.
>
> Obviously you have made me interested in LSG and it is one stock I will
keep
> an eye on over time to see what happens.
>
>
>
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