|
Didn't expect an answer so late in the night ...But thxs Snoopy
Wish u the best
 oop -------Original Message-------
Date: Tuesday, 22 April 2003 00:47:53
Subject: Re: [sharechat] GPG notes
Hi Hoop,
>>
>>
>> Both GPG shares and GPG unsecured notes would both be
>>classified as relatively less secure investments in a balanced
>>investment portfolio.
>>
>>
> GPG in my thinking is a growth stock.... and should grow fast ( in
> NZ$value) because the NZ$ has peaked or will not appreciate much more
> ( crystal ball theory). The depreciation of NZ$ could be slow however
> ????? but in any case GPG looks a good investment. Sir Ron does not
> believe in dividends because it is an inefficient way of giving
> shareholders rewards. There are other methods that are better to
> which he is using. Cheers Hoop
>
>
Just to clarify my remarks on GPG. The reason why I said GPG was
risky is that relative to bank fixed interest and property *all* shares and
*all* unsecured notes are risky. I did not wish to imply any slur on
GPG or its management.
Also the reason that GPG has such a low dividend yield is that
management have determined that this is the most tax efficient way to
build shareholder wealth, as Hoop suggested.
So stick with it Hoop and I am sure you will do well, if the track record
of management is anything to go by. I'm sorry I don't have GPG
shares myself, but I can't own everything that is good!
SNOOPY
discl: no shares held
--
Message sent by Snoopy
on Pegasus Mail version 4.02
----------------------------------
"Q: If you call a dog tail a leg, how many legs does a dog have?"
"A: Four. Calling a tail a leg doesn't make it a leg."
----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/
. | 
IncrediMail - Email has finally evolved - Click Here
See IRG research reports
