Forum Archive Index - May 2002

["Brian & Fiona Brakenridge" <pohuenui.island@xtra.co.nz>]

I'm interested in SAN from a fundamental (Philip Fisher "scuttlebutting") viewpoint. Living in the Marlborough Sounds we see the strength of this company with new factories, boats etc and a significant stake in the booming mussel industry. The value of their farms in the past two years must have grown at a huge rate.

 

SAN also has a sound triple bottom line reporting policy. I'm sceptical of some cos adopting this methodology as simply being a PR exercise however we see first-hand SAN being very active in environmental issues and the initiatives taken to improve the industry image from an environment sustainability standpoint is excellent.

 

I understand that many brokers don't like them because their communication with brokers is very poor. Can anyone comment?

 

May have been down priced because of their forex problems last year and the rising NZ$ won't help but still a sound growth company.

 

Really interesting to look at their technical indicators on a chart. Again sorry I haven't mastered the art of posting a chart yet so hope someone else can oblige.

 

As I see it though, they have been in a long term down since a peak in Aug last year confirmed late Jan this year. Seem to now be in a very tight holding pattern now since early April. Considerable support at $5.50 which is where it is now and some resistence at $5.60 and $5.70.

 

Any further comments from a FA or TA perspective?

 

Cheers

Brian