Forum Archive Index - February 2002

[- RIL <ril_in_usa@yahoo.com>]

I may have been a bit wrong about this stock. It seems
stable at current levels despite its recent fall but
there is not much of a growth story attached to it -
if any. Hence no real reason to own it.

One thing I have done however is to buy a big chunk of
Blue Star at issue - 10.75% and these are a sleeper
hit I believe. Debtmarket.co.nz show offers at 9.95%
after a few weeks. 

The company is a good one. Not a bad place to park
some cash even at 9.95%. Do the numbers on the
accounts and the interest cover is excellent,
management have left in subordinated loot of their
own. Also there is thankfully an American on the board
and running things which is generally a good sign.

Lastly, where are the new issues Kiwis? I want to put
more money into the Kiwi market especially after
Briscoes.

All the best

A recovering, albehe battered RIL

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