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From: | "tennyson@caverock.net.nz" <tennyson@caverock.net.nz> |
Date: | Sun, 18 Aug 2002 00:07:50 +0000 |
Hi Andrew, Thanks for the extended chart. It shows that over a 3-4 year timeframe GMF has been a fairly mediocre investment for the buy and hold investor. What the chart doesn't show is the dividend payments, totalling around A28c per share summed over the 3 year period that the share has been trading at less than $NZ2 ( I think you are using the NZ price Andrew, correct? ). 28c Australian works out at around 34c New Zealand. Add dividends to the chart to get a 'gross' chart and the returns look a little better. I don't know about 'rising wedge patterns' , but on a purely fundamental basis I have a feeling that something might happen to disturb the current trend. It is hard to see why the GFW shareprice would go into reverse from here, so I'd pick a flattening out of the uptrend until things consolidate a bit. The market really needs to get a handle on what the 'new' GFW is going to perform like before the share price can go very far as I see it. As I said in my last two posts on this share. I think it is one to sit back and keep an eye on. One to watch. SNOOPY --------------------------------- Message sent by Snoopy e-mail tennyson@caverock.net.nz on Pegasus Mail version 2.55 ---------------------------------- "You can tell me I'm wrong twice, but that still only makes me wrong once." ---------------------------------------------------------------------------- To remove yourself from this list, please use the form at http://www.sharechat.co.nz/chat/forum/
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