Forum Archive Index - September 2003

["carmen spence" <starwoman@dodo.com.au>]

Hi,

I have just found your forum, and just become interested in dabbling in
shares on the internet.

I have been researching mining companies in australia, and I have been
reading about the new floats and each company that looked promising
mentioned a diamond exploring company called Striker, and then I noticed
where they had found some large diamonds and were digging to get enough for
samples etc, and I looked them up and found that the price was only 4 cents
a share, so I bought 4000, then 3 weeks later I read where they had found
some more diamonds of very large size and of high grade, so I bought another
120,000 worth, however the price had now risen to 7.2 cents a share, they
are still getting the diamonds for sampling, but the price has gone down
again, it is now 6.4 cents, I am expecting a good announcement early
November, but I wish that this company would hurry up and make some real
money, for their shareholders, as it appears they also have Gold on their
tenements and that Anglo are going to do the work to get the Gold, and give
Striker 49% share, so I wonder how long it will be before I can recoup on my
money.


Cheers,

Starwoman


----- Original Message -----
From: <tennyson@caverock.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Monday, September 29, 2003 8:27 AM
Subject: Re: [sharechat] Portfolio Theory


> Hi Matt,
>
> >
> >Alright guys, here's a different topic.  I'm interested in what sort
> >of concepts different people use to construct their portfolios.
> >how do you hang it all together?
> >
>
> Good question.    I will answer 'for me'.
>
> >
> >Some of the questions that come to mind are:
> > have you got a balance between
> >income producing assets and growth assets?
> >
>
> My own long term goal is to have all my money invested in companies
> that have characteristics as defined in the 'sharechat' focus investment
> group.  In summary this involves looking for companies that have a
> sustainable competitive advantage and a good profit history.
>
> Whether those investments are 'growth' or 'income' type investments is
> a secondary consideration.   However, taking a retrospective view, I
> have generally found that superior growth *and* income *and* lower
> risk of losing capital (yes, you can have it all) can be found from
> concentrating on income type shares, bought at the right price.
>
> >
> >What sort of sectoral exposure do
> >you have to the main drivers of the NZ economy?
> >
>
> Well, I don't own a farm so I'm stuffed.    Actually I do own WRI which
> is probably as good a proxy as any for not owning a farm.
>
> >
> >Are you thin in one area, thick in another etc etc etc .....
> >
>
> Up until now I have favoured exporters over importers quite heavily,
> and missed many good importers opportunities along the way.  I am
> now working towards a more balanced strategy balancing importers
> with exporters (I include tourism in exporters) and quality
infrastructural
> assets.
>
> >
> >So that's what we've done.  Anybody got anything they want to
> >share....?
> >
>
> Three more things.   Investments in a sharemarket should be regarded
> as only one part of anoverall  investment strategy.   Many New
> Zealanders have a lot of money tied up in property, often their own
> residence.  To me it doesn't make a lot of sense to own property
> shares if you are in this situation.  For the average home owner,
> buying property shares is likely to severely overweight them in
> property.
>
> Second point.   It is probably a good idea to have a small but not
> insignificant warchest of cash to take advantage of those unexpected
> opportunities that Mr Market throws up from time to time.
>
> Lastly it is probably unfair to categorize shares as 'growth' and 'income'
> if you believe those labels will have any permanence.     The two
> categories of shares can cross the border.
>
> >
> > Our Portfolio (fair's fair: can't receive without giving)
> >
> > Income Shares
> > * Capital Properties
> > * Wrightson
> > * Powerco
> >
> > Core Shares
> > * Contact
> > * Fletcher Building
> >
>
> FBU could be quite cyclical with the building/construction market.
>
> >
> > * Waste Management
> >
> > Growth Shares:
> > * Baycorp Adv.
> > * Tower
> >
>
> I would classify those last two as 'recovery prospects' rather than
> 'growth shares'.   Having said that there is research out there that says
> that carefully selected recovery prospects will give you a better return
> than 'growth' shares ( high P/E shares with a strong profit growth
> record) anyway.
>
> SNOOPY
>
>
> --
> Message sent by Snoopy
> on Pegasus Mail version 4.02
> ----------------------------------
> "Sometimes to see the wood from the trees,
> you have to cut down all the trees."
>
>
>
>
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>


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