Forum Archive Index - May 2002

["Ben Dutton" <bendutton@sharechat.co.nz>]

Hi Snoopy and others,

Just to chime in here with a tidbit of info - this weeks BRW here in
Australia suggests that Challenger International could be in the sights of
its larger competitors as the fiercely competitive funds industry continues
to consolidate.

Click here:

http://www.brw.com.au/stories/20020509/14663.asp

and scroll down to "Size counts in the funds game" for the reasoning why.

Interesting stuff.  There could be more action in this field yet.

Best Regards

Ben Dutton
(do not hold CLI)


----- Original Message -----
From: <tennyson@caverock.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Wednesday, May 15, 2002 11:30 PM
Subject: Re: [sharechat] CLI update


> Hi Brian,
> >
> >
> >Again the fundamentals have not changed and this might be a stock
> >that has been unfairly treated by the crowd panic centred around
> >insurance cos and the Enron fallout. Looking from a long term
> >perspective at an entry point based around a break through the long
> >term downtrend.
> >
> >Intriguing! Any comments?
> >
>
>
> Last week you asked for some fundamentalist comment on CLI.   I
> haven't studied the company in detail and won't have time to do so
> for a while.  My superficial concern with CLI is its status as a
> 'second line' financial share.
>
> CLI doesn't have the consumer retail base of the other big 4 Aussie
> banks.   It may be sitting on a P/E of 5 or so, but so what?   The
> 'E' figure is based on *last* years earnings.   How much of that
> earning stream is due to one off corporate deals on a rampant Wall
> Street?   What is to stop the bigger banks coming in and touting for
> loans to be rolled over at a lower price, cutting out CLI completely?
>
> I don't wish to sound negative.  I'm interested in the answers to
> these questions which I haven't researched.  But until I understand
> the business a bit better, I wouldn't be jumping into CLI at any
> price.  L'll stick to my bigger banks thanks.
>
> SNOOPY
>
> discl: hold ANZ, WPT
>
>
>
> ---------------------------------
> Message sent by Snoopy
> e-mail  tennyson@caverock.net.nz
> on Pegasus Mail version 2.55
> ----------------------------------
> "Sometimes to see the wood from the trees,
> you have to cut down all the trees."
>
>
>
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