Forum Archive Index - August 2002

["Nick Kearney" <nickk@quicksilver.net.nz>]

Oh how silly of you jim.....the NTA is cheap...that is of course if you
believe the figures....

The forward looking cashflow projection is good.......maybe if you are
prepared to wait to 2007!!....geez......anything can happen (and will)
between now and then..

I could be sarcastic and say the net discounted cashflow analysis & EBIT
statistics minus tax implications looking forward on the projected asset
base results on the equitable deducted eps based on the forward looking
revenue figures and taken in context with the cashflow statement
mean.................SQUAT!

What is really happening?  The company is dead.  I agree with Jim.

Cheers

Nk

 ----- Original Message -----
From: "Jim McMillan" <seechoke@hotmail.com>
To: <sharechat@sharechat.co.nz>
Sent: Sunday, August 04, 2002 8:51 AM
Subject: [sharechat] BIL - Why Bother?


> 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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