Forum Archive Index - November 2002

["G Stolwyk" <stolwyk@wave.co.nz>]

Those are fair answers, Kevin.

 

I studied receivables companies for some years now and, as I mentioned, was waiting for a chance to get into this one.

 

If you go back over Sharechat you will find pages and pages about the old BCH, RMG, CLH and BCA. Company RMG was accorded a no-no when it was still 30 cents or so; CLH was given the green light and BCA was given a "wait" signal. 

 

And although I am familiar with them, there are still surprises: Downgrading of CLH profits to about 20% + and now we have BCA.

 

Where the sillies went wrong was to accord a too great significance to that $10 m.litigation + costs. It was splashed all over the place and was partly responsible for  the panic.

 

Still, a cheap way to get into a stock, isn't it?  I would have missed it otherwise. Sympathize with people who got caught though. They may have to wait longer, now. 

 

As to price projections, I have some in mind but won't convey these to print.

 

Thanks for your reply,

 

Gerry