Forum Archive Index - May 2002

["winner69 ." <wwinner69@hotmail.com>]

Hey mate - out of curiosity (no other reason than that) did some sums on the 
'spirit of Baycorp' taking into account share splits and the conversion to 
BCA shares. Emailed it to you as can't attach to sharechat.

Only went back to late 1998. If you had been given some Baycorp shares for 
Christmas in 1998 they would have been the equivalent to $2.30 odd.

At todays price of $4.62 doubled your money in three and half years - as you 
say pretty good return over that time.

However the $4.62 is nearly 50% off the peaks back in early 2001.

Rather a round trip to double your money over three years or so - more than 
treble it in 2 years, hold on to it for a year and then lose half it over 
six months.

People like Phaedrus would not have let this happen.

Talking of support/resistance the 'spirit of Baycorp' chart doesn't really 
have any until $3.30-$3.50. It is really in uncharted waters at the moment.

See Gaynor was pretty keen on them in the Herald this morning - saying they 
are probably fairly priced at current levels but its share price will pick 
up if McLaughlin and his team can deliver the anticipated merger synergies 
and concerns over Dun & Bradstreet prove to be unfounded.





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