Forum Archive Index - September 2002

["Theseus Management Group" <tj@tmg.co.nz>]

it does make you wonder who bought the shares though

anybody with an ounce of analytical skills could see where it would go

TJ

----- Original Message -----
From: "Ben Dutton" <bendutton@sharechat.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Wednesday, September 04, 2002 11:49 AM
Subject: [sharechat] Vertex, gee, what a surprise!


> Breaking news today...
>
> "Shares in recently-listed packaging company Vertex Group plunged by
almost
> a quarter and looked ready to continue falling after it issued a profit
> warning today."
>
> http://www.sharechat.co.nz/news/scnews/article.php/f790e33c
>
> And here are some blasts from the past from when the float was launched...
>
> "Aussie doer-uppers fudge Vertex financials"
>
> http://www.sharechat.co.nz/features/nbr/article.php/b3039685
>
> "Analysts attack 'misleading' Vertex Group prospectus"
>
> http://www.sharechat.co.nz/features/nbr/article.php/a78b4176
>
> And my favourite, from the one and only RIL...
>
> "I just received a prospectus for Vertex. Don't be
> fooled Kiwis - this is one of the most disgusting
> offers I have seen in a long time.
>
> I raised many laughs in the office with this one.
>
> Everything relies on grossly inflated forecasts off an
> historical PE of nearly 50 on historical core
> earnings.
>
> Don't touch it with a barge-pole.
>
> RIL - in amazement."
>
> Hope there are no SC investors on board the Vertex rollercoaster (rapidly
> going down).
>
> Best Regards
>
> Ben Dutton
> (Disc. no Vertex)
>
>
> --------------------------------------------------------------------------
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