Forum Archive Index - May 2003

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

Hi Graeme,
 

>
> The share price is irrelevant! To me all that matters are
> 
> 1 what is the companies historic, current and predicted return on
> shareholder equity? ie how well are they making use of my money! 
>


For WRI:

1999: -1%, 2000: 7.2%, 2001: 9.4%, 2002: 17.5%,  2003: 15%(est)


> 
> The benchmark I set is for a consistent ROE in excess of 25%,
>


You are a hard taskmaster Graeme!   I guess WRI doesn't qualify, but 
then what shares do- consistently?    


>
>2 how strong is the companies cashflow, and debt/equity ratio 
>


Term liabilities are only $2.6m compared to shareholders assets of 
$121.2m (as at last balance date)


>
>3 I also look at the dividend yield 
> (being an investor and not a speculator)
> 


Around 15% (imputed)  for WRI


SNOOPY



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