Forum Archive Index - December 2002

Please note usage of the Forum is subject to the Terms & Conditions.

Messages by Date [	Next by Date	Previous by Date ]
Messages by Thread [	Next by Thread	Previous by Thread ]
Post to the Forum [	New message	Reply to this message ]

Printable version

[sharechat] NGC Holdings - cashing up

From:	Chris <cd@pl.net>
Date:	Wed, 04 Dec 2002 09:04:45 +1300


Interest in this stock (formerly Natural Gas Corp.) appears to bubble up on
institutional support and then retreat slightly on small parcel
transactions. My layman's tracking shows little downside in the medium term
with an overall appetite for purchase rather than disposal.

Earlier talk of a cash return to shareholders in the new year is looking
closer to the truth with today's announcement of another $40m settling into
the coffers. AGL, the cornerstone shareholder, must be thirsting for the
cash and I would be surprised if they allowed such a significant amount to
accumulate for too long.

Does anyone have an idea how much cash has now accumulated in the NGC
account?

For conservative players I can see 15-25c upside in this stock in the next
8-10 weeks and would not be surprised to see more. An entry point of 137
looks good.



Chris




----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/

Messages by Date [	Next by Date:	[sharechat] Economic Liberalism prhughes
	Previous by Date:	Re: [sharechat] AIR NZ ichi ]
Messages by Thread [	Next by Thread:	[sharechat] AIR NZ winner69 .
	Previous by Thread:	[sharechat] Re: Economic Liberalism nickk ]
Post to the Forum [	New message	Reply to this message ]