Forum Archive Index - March 2002

["G Stolwyk" <stolwyk@wave.co.nz>]

Please refer to my report of Febr. 6, 2002.

Results from 6 companies:

 

Company :                  MIG  MMD  RBC  PTD  LACO  CLI

Rec. May 16, 01 ( $ A ) 2.67

Rec. April 26, 01 ( $ A )         0.50 

Rec.March26,01( $NZ )                   0.43

Rec.Sept. 29,01 ( $A )                             2.30 

Rec. Oct.  11,01 ( $A )                                       2.90 

Rec. Aug.  14,01 ( $A )                                               3.85

Price now:                 3.73#  0.93  0.60   3.80    6.70  3.30

Increase ( % ):            + 40   + 86 + 40  +  65  + 131   - 14

 

# Includes div.of 10 cents( after tax) and 26 cents (after costs of 1.5%) as a consequence of the 1: 1.7 cash issue.

Notes: Upfront costs have not been paid.

 

MMD: Placement of the "Artificial Heart" in situ. Clinical human trials to proceed later in the year. 

 

RBC: Has been disappointing lately - still waiting for developments. A long time ago, I devised a formula which took account of the FFS / FFSPA component and assets. This needs to be revised on an ongoing basis.

 

PTD: The USPTO has issued a "Notice of Allowance" or "Allowable Patent". Subject to final approval, the Final Patent  could be issued before August, this year.

 

LACO: The result of the TOLL - LAC railway tender was positive. Investors were well informed of the progress and its chance of success.

 

Congratulations to the decision makers who bought early! Renamed PRKO (Patrick options). Further option to acquire some Ansett freight assets cheaply. 

 

CLI: Many investors think that the value is there but the market has sofar disappointed! According to CLI's books, it would have a prospective P/E of about 4.8!

 

Gerry

Holds these stocks - and others. 

Disclaimer: Readers are not asked to buy, hold or sell above mentioned stocks and to do so will be entirely at their own risk. Due to lack of time, I cannot make further comment.