Forum Archive Index - August 2002

["Jim McMillan" <seechoke@hotmail.com>]

BIL's share price today is 59 cents or 29.5 cents pre-consolidation - a long 
long fall from when the Camerlin group took control from those idiots led by 
one Paul Collins (corporate jetsetter who milked the company for all that it 
was worth in options, salaries, champagne, etc). Why would anyone bother 
with holding or investing in this company or any broker bother covering it 
when the very strong recommendation was made over 1999 and 2000 to switch 
over to GPG?

Those who have followed that advice have done very well. Those who didn't 
can only reflect on why they are such mugs. I guess hope springs eternal 
that a frog can become a princess. Those still looking at the stock are 
better off getting a few broker reports to read rather than attempt to make 
sense of BIL's financials (NTA is around 55 cents to 60 cents) or buying 
Thistle or Air NZ directly.

If you think Camerlin is ever going to pay a dividend or act in the best 
interests of minorities, think about this - they have lost over $650 
million. Surely but slowly they will milk it back from this company just as 
the executives of BIL milked the life out of what was once a great NZ 
company.

Donate your money to some charitable cause if you are intent on losing money 
in BIL - there is greater reward in that.



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