Nope... I am a long tem investor don't trade ...but I lurk at any hours ....a bit like a vulture. A long term invester has 20% available cash for a bargain ..in and out. Last bargain was the Warehouse at $4.10 a couple of months ago ...wasn't quick enough to get it at $3.95. Bugger.   oop -------Original Message-------
Date: Friday, October 03, 2003 01:44:49
Subject: Re: [sharechat] Heard of IHG:ASX? Late
I thought only I was stupid enough to be up this hour Trading!!!!
Woody
----- Original Message -----
Sent: Thursday, October 02, 2003 11:28 PM
Subject: [sharechat] Heard of IHG:ASX?
Yes , your story must be around the traps, had a jump after moving sideways. go to www.bigcharts.com & put in asx:whatever and you can see for yourself.
Need any help just ask.
Regards
Morgy
>From: "Shayne King"
>Reply-To: sharechat@sharechat.co.nz
>To: sharechat@sharechat.co.nz
>Subject: [sharechat] Heard of IHG:ASX?
>Date: Thu, 02 Oct 2003 12:16:38 +0000
>
>Just sold my GPG shares (made a nice 13% return in just under 5
>months so im quite happy) and am now looking for something else to
>delve into. Managed to find a company called Intellect. Listed on
>the ASX but based in Belgium. Heard of them?? Probably not (and
>neither had i). So what made me look further you ask? Well after
>having a brief look through their financials i found that GPG had
>recently acquired 20% and currently have two directors on the board.
>What they do is create and develop hardware and software for
>electronic transactions. The markets they are currently active in
>are Germany, Greece, Aus, NZ, US, Austria, France, Belgium,
>Netherlands, UK, Brazil, and some parts of Asia. With their major
>markets being Europe and Asia, revenues have been hit hard with a
>large write down in R&D and weak economies in Europe and Asia
>(Primarily SARS) (Revenue fell 63% from 89m to 32m). This has meant
>they have yet to reap the rewards for their latest product (the
>PRESTO 210P terminal). Further demand for the PRESTO in other key
>markets has yet to materialise however should in the near future.
>Liquidity for the 2003 period took an extremely hard hit falling
>from 1.38 in 2002 to 0.98 in 2003. However, in the events
>subsequent to balance date, GPG did len 8.2mil to IHG in order to
>assist with their liquidity problem. Cash flow remains positive but
>only due to an increase in borrowings (GPG).
>
>Any further comments?
>
>regards
>shayne
>
>_________________________________________________________________
>Download MSN Messenger @ http://messenger.xtramsn.co.nz - talk to
>family and friends overseas!
>
>
>----------------------------------------------------------------------------
>To remove yourself from this list, please use the form at
>http://www.sharechat.co.nz/chat/forum/
>
Download MSN Messenger - add your friends! ---------------------------------------------------------------------------- To remove yourself from this list, please use the form at http://www.sharechat.co.nz/chat/forum/
| 
