Forum Archive Index - January 2003

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

Hi Macdunk,

>
>
> The best share that springs to mind is that little house in the
> outback that was listed.  The fun palour or known in some circles as
> a house of ill repute.  
>
>

Your reply may have been partly in jest, but IIRC there was just such 
a listing on the ASX not too long ago  (if you can classify Sydney 
-or was it Melbourne- as the outback).  I also recall that the 
investment was structured as a property rental, rather than having 
the payout linked to any of the activity that went on inside the 
building.  Can anyone recall what the name of the company was?

>
>
>I prefer to keep my money in nz so if I
> really had to invest over there it would be in something I have done
> my homework on so auckland airport is my pick.   I expect the
> exchange rate will swing back by sell time, and price wise I would
> say capital gain 20pc plus div over one year. 
>
>

Since Auckland is basically a piece of Australia, I take your point!

SNOOPY



 
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