Forum Archive Index - January 2003

[Paul.Menneer@sealedair.com]

Snoopy,
Not Westfield Holdings by any chance!!

Regards

Paul Menneer



                                                                                
                                                           
                      "tennyson@caverock.n                                      
                                                           
                      et.nz" <tennyson             To:      
sharechat@sharechat.co.nz                                                      
                      Sent by:                     cc:                          
                                                           
                      sharechat-owner@shar         Subject: Re: [sharechat] 
What's your favourite Australian share?                        
                      echat.co.nz                                               
                                                           
                                                                                
                                                           
                                                                                
                                                           
                      23/01/2003 14:10                                          
                                                           
                      Please respond to                                         
                                                           
                      sharechat                                                 
                                                           
                                                                                
                                                           
                                                                                
                                                           





We've had a good diverse range of suggestions so far which I've no
doubt will give 'sharechat' subscribers something to think about.  I
notice that one or two of you are bending the rules and naming more
than one share.  Tut tut!  But please don't stop sending in your
'entries'.

The 'one share only' rule was put in to make you really think about
the share you pick.  It may sound like an easy request - pick
one 'favourite' Aussie share - but I have found it quite difficult.
Selecting just one over all others is a hard thing to justify.

However, after sleeping on it for a couple of nights I have made my
own pick.

The particular share I have chosen is:

1/ A substantial player in their chosen market.

2/ Has a five year unbroken record of solid profit growth.

3/ Has been able to consistently deliver a return on shareholders
equity greater than 15% per year.

4/  Has an ability to raise margins at a rate above inflation.

(readers familiar with the focus investment group will recognise
these four characteristics as the initial screening rules for the
focus investment group.)

AND

5/ has such a good yield that if I were to list it in my New Zealand
'income' portfolio it would not be out of place.

Finally, despite the good record above, the market has punished it a
bit in FY2002 making it exceptional value.

When you put all of those factors together, how could it not be my
selection?

So what is it?  I'm not going to tell you - yet!  I'm hoping some
super sleuth out there will be able to guess what it is, or even
better, guess something that fulfils all the criteria above and is
different to the share I have picked.  This is a competition where
there is room for several 'winners', in fact the more winners the
better for us investors!

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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