Forum Archive Index - January 2003

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

Hi hugh,

> 
>I am pleased to report that rumours of my demise have been
>greatly exaggerated ;-)
> 
>>From the fundamental side of the fence I can report that I 
>personally made 25.6% before tax for 2002 and
>that this was actual not stock guru make believe.
>
>

Sensational Hugh.  Well done!

> 
> 
>As a long term value investor I make very few transactions a year -
>and yes I sold out of KIP (at a profit) as I calculated that their
>cash issue was a bad deal despite all the puffery and boosterism
>from J B Were & Son. Dividends reduced to 7 cps for the next 2 years
>which could well coincide with the inevitable retail downturn (it
>can't keep growing strongly forever - see the latest US figs) 
>
>

Interesting counterview on KIP

>
> 
>I then sat on my hands for a matter of months until something
>attractive came along - which it did; the cash issue for Cap Props
>which I piled into during the rights trading at 80 cps - they're now
>85cps. They're also committed to paying 9 cps dividends for at least
>the next 2 years and had a nice profit rise too. And unlike the
>retail sector vis a vis KIP, when there's a downturn Govt Depts keep
>paying their rent.
>
>

Yes but government workers can move to another building.  IMO office 
space is more of a commodity market than retail space.


>
> 
>I found that after unsubscribing the volume of my spam vastly
>decreased - from Nigerian gentleman wanting the particulars of my
>bank account, other gentleman wanting to tell me "how to make money
>on the Internet", demented pornographers - and unkindest cut of all,
>mentally retarded gentlemen wishing to sell me software which would
>make my fortune on the sharemarket through technical analysis. Ha,
>ha, they obviously hadn't read any of my postings but just trawled
>for a valid Iternet address.
>


I think you meant that after not posting your volume of spam 
received went down.  I don't doubt that.  But there is no risk of 
getting spam from the act of subscribing, unless Ben is hawking off 
our addresses on the sly (and I don't think he is).  I wish Ben 
and Will would get around to munging the addresses of people who 
contribute to the forum.  Your experience would not be untypical 
Hugh!



> 
>So guys and dolls, all the best for 2003. I won't be taking part in
>any stock guru competition again - if you remember my views it
>should be measuring the highest sustainable increase in Net Profit
>and shareholder benefits rather than prices - which could be the
>result of puffery e.g. KIP. 
> 
>



How about a perverse contrarian entry to show us all up ;-)?

SNOOPY


---------------------------------
Message sent by Snoopy 
e-mail  tennyson@caverock.net.nz
on Pegasus Mail version 2.55
----------------------------------
"Stay on the upside of the downside, 
Anticipate the anticipation!"



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