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Re: [sharechat] RMG????

From:	"Michael McGregor" <mikemcgregor@nzoomail.com>
Date:	Thu, 27 Mar 2003 21:30:20 nzst



>Does anyone here have any views on RMG? They have a Net Asset backing of 
>about 0.70c. Based on the current share price, it seems the market views 
>these assets as over valued however surely not that much. Any opinions or 

>views would be greatly appreciated
>
>regards
>shayne
>
>
>Hi Shayne,
                  Don't know much about RMG but it looks like they are poorly
run and are generally a 
crap business. It pays to stay away from companies which have continuous 
resignations
at top 
level and regularly post losses. Don't be tempted by the book value (I've learnt
my lessons here!). 
The first thing to always look for is consistant profits, RMG fails badly here.


Regards,

Mike M 
>
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