Forum Archive Index - May 2003

["Rory Macewan" <macewarory@student.vuw.ac.nz>]

Can anyone tell me why this 'seemingly' fantasticly run company has
yet to catch the eye of mainstream investors. It has just reported
its full full year profit to 31 March of $4.01 million up 8% from
last year. It has a return on equity of 18% and a PE of only 7.5. It
has consistently achieved figures like these over the past 5 years.
The dividend is relatively small (3.9 fully imuted) but no argument
can be made with the return they are making on their investments (bar
Sterling Portfolio Management). Id like to think that the failure of
large-scale finance companies will woo people back to more local
financial services but only time will tell. Any opinions on this
(IMHO undervalued) company would be greatly valued.

Cheers,
Rory

(discl. DPC shares) 

Visit the student portal @ http://www.studentvuw.vuw.ac.nz


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