Forum Archive Index - February 2002

[hugh webber <hugh.webber@clear.net.nz>]

hum, hrooom, can't say I'm very enthused by what's been offered.

(Using last saturday's Press Business section 16/02/02) - median p/e 16.73.

Contact - gross dividend yld 6.6%, p/e 16.9

Restaurant Brands - gross div yield 7.4%, p/e 15.2%

Sky City - gross div 7.7%, p/e 17.7

Telecom - gross div 5.5%. 11.7

Now, granted they're much better ratios than overseas which some numbskulls
(amateur full time funds managers) are still pushing but in the NZ context,
and I don't just mean now but recent historical which is what Nick was on about
they just don't hack it. 

And the comment that the NZ property shares have the same yields - excuse me?

KIP - 10.6%, p/e 10.6

CNZ - 12.2%, p/e 7.9

Nuff said.

I'll have a closer look at Chris Castles list tomorrow, can't remember what they
were off the top of my head but my impression was they were pretty speculative
and very thin on dividends, particularly reliable recurring predictable ones.



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