Forum Archive Index - May 2002

["Dick O'Connor" <callme_nz@hotmail.com>]

Winner, I was a keen holder of BCH shares until I sold out towards the end 
of last year, and the figures you mentioned yesterday look a bit strange. 
BCH was selling for $8.25 at the end of Dec 98.The 2:1 split was made in May 
99. Just before the split, BCH was selling for just over $10, and it 
droppped back to $5 after the split

If you had been given 100 shares at Christmas 98 they would have increased 
to 200 at a cost of $4.12 each.

If this is any help: Taking into account the extra shares BCH holders would 
have got, and the special dividend, and the phase of the moon, and anything 
else I could think of, the post-merger price in my case would have been 
$7.15 (if I had held on).

I sold out because of the PE ratios of more than 50%..they were just too 
high in all logic. The co has said it believes it can maintain 20% growth, 
although this still has to be proved. Under the PEG rating (which has come 
into wider and wider use in recent years)the PE rating would need to fall to 
20 to make the co attractive...and it would still depend on being able to 
achieve the 20% growth.     Cheers



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