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[sharechat] Straight Edge

From:	"Dannie Hawkins" <dannie@es.co.nz>
Date:	Tue, 13 Aug 2002 09:41:58 +1200

SRE has had a constant string of good news releases lately.

The cynical amongst us wonder about the timing with the IPO still under way. Never the less there seem to be some genuine trials and deals on the table.

The timing of the IPO is obviously terrible, but that presents opportunities for long term investors.

For what it's worth,my analysis is that the potential rewards outway the risk. The company has the enormous advantage of friendly contacts in North America. I have decided to take a very small stake through my broker.

Forsyth Barr released an interesting report last week valuing them at anywhere from 0 to over $6 in 2 or 3 years, compared to 50 cents issue price.

If all goes well dividend payouts will pay back initial investments in a few years.

Ya pays ya money and ya take ya chances

Regards

Dannie

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