Forum Archive Index - January 2003

["Second" <secondstep70@hotmail.com>]

IASBET (IAS.AX)

This stock has risin from 19c to a high of 1.90 in a year(current price
1.73), yet has a historical p/e of just 11.7. It also pays quite a decent
dividend (4.05%).
Although there are no analyst/company forecasts, company annoucements would
indicate that earnings will grow significantly this year also. See 10 Dec
2002,17 Oct 2002

Upcoming second quarter cashflows should confirm expectations.

I hold this stock.

----- Original Message -----
From: <tennyson@caverock.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Tuesday, January 21, 2003 9:28 PM
Subject: [sharechat] What's your favourite Australian share?


> After having a brief exchange on the focus investment group regarding
> exchange rates and saying they should be ignored, I can't help
> noticing that the cross rate with Australia is above 93c this
> morning.  In my observation the kiwi dollar often gets dragged up on
> the coat tails of the $A.  Perhaps this is happening again and this
> is why the $A is going higher too.
>
> An explanation of this which made sense was the large amount of US
> capital flowing into Australia as a result of the takeover of a major
> Australian wine maker by a US company.  If true, this could be a once
> in 5 year opportunity to invest in Australia at a very favourable
> exchange rate for New Zealanders.   Perhaps it is an opportune time
> to ask the group members what their favourite Australian share is,
> and more importantly, why?
>
> All contributions welcome ( even the gold brigade ;-) ).  The only
> restriction is that you can't hedge your bets.  You can only
> pick one share!  I'll put mine own favourite up once I can decide
> what it is!
>
> 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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