Forum Archive Index - March 2002

Please note usage of the Forum is subject to the Terms & Conditions.

Messages by Date [	Next by Date	Previous by Date ]
Messages by Thread [	Next by Thread	Previous by Thread ]
Post to the Forum [	New message	Reply to this message ]

Printable version

Re: [sharechat] gdc

From:	"dsproul" <dsproul@corsairmarine.com>
Date:	Wed, 6 Mar 2002 20:53:41 +1300

Because

1.they pay only 3.5 cents a year that's a yield of less than 2% at $1.80 share price. Even the bank pays better than that.

2. They have promised much but failed to deliver. Their IASP division which "could not keep up with demand" last year is still struggling.

3. General downturn in investment by business in new capital equipment , esp. communication equipmment, not helping.

4 Yes , their turnover was way up , but in low margin contracting.

5 General disenchantment with anything to do with telcoms ( see Telecom's drop today ?) drags GDC down with it.

Dave

disc hold GDC

BEGIN:VCARD
VERSION:2.1
N:Sproul;David
FN:David Sproul
EMAIL;PREF;INTERNET:dsproul@corsairmarine.com
REV:20020306T075341Z
END:VCARD

----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/

Messages by Date [	Next by Date:	Re: [sharechat] LTI series: Progress Report on Investments (2) Nick Kearney
	Previous by Date:	[sharechat] gdc troy and colleen dekkers ]
Messages by Thread [	Next by Thread:	[sharechat] LTI series: Progress Report on Investments (2) G Stolwyk
	Previous by Thread:	[sharechat] gdc troy and colleen dekkers ]
Post to the Forum [	New message	Reply to this message ]