|
Too late Morgy. Already in.
----- Original Message -----
Sent: Thursday, October 02, 2003 10:58
PM
Subject: [sharechat] IPG:ASX
Cristine,
I will post this chart as soon as I can , it is a classic bottom
dweller, while you may have some positive FA showing why you should buy
in the chart tells why you should hold off, perhaps or not , can it get
lower , lets see.
Regards
Morgy
>From: "Cristine Kerr"
>Reply-To: sharechat@sharechat.co.nz
>To:
>Subject: Re: [sharechat] DOW:ASX
>Date: Thu, 2 Oct 2003 14:36:23 +1000
>
>Is IPG on your chart and if so, how does it look?
> ----- Original Message -----
> From: Morgy 40
> To: sharechat@sharechat.co.nz
> Sent: Thursday, October 02, 2003 2:18 PM
> Subject: [sharechat] DOW:ASX
>
>
> Cristine & Shayne
>
> DOW:ASX
>
> It kept coming up on my recomendation lists from brokers (
circus promoters) etc,so I added it to my watch list, numbers look good and
technically it is poised to breakout in the near term if it can break the
resistance at .87 cents. I will try to post a chart for it and you will be
able to see what I mean.
>
>
>
> Regards
>
> Morgy
>
>
>
>
>
> >From: "Cristine Kerr"
> >Reply-To: sharechat@sharechat.co.nz
> >To:
> >Subject: Re: [sharechat] Financial Statement Analysis -
DOW
> >Date: Thu, 2 Oct 2003 12:36:19 +1000
> >
> >Hi Shayne,
> >
> >First impressions of Downer EDI (ASX Code DOW)
> >
> >1) stayer - been around for a while - didn't review assets
> >
> >2) cashflow - good revenue, diversified income stream,
margins appear tight which places higher emphasis on maximising volume and
minimizing cost
> >
> >3) as a growth stock - forward order book appears healthy
- announcement 'reliable long-term income streams' seems credible on the
surface but without contract details (contingencies and time frames) cannot
assess
> >
> >4) dividend - selling ex dividend at present - reasonable
return on stock price but there are better out there, eg; Downer EDI (DOW)
dividend 2.9 cents (only partially franked) and selling around 85 cents whilst
Cellnet (CLT) 7cents (fully franked at 30%) is selling around 86 cents
> >
> >NB This is just my own opinion, but the end of the day, I
believe a 'growth stock' should provide a good return on your investment. If a
company has a good income stream and are able to make reasonable profits they
should be sharing a good percentage of those profits with shareholders or
justifying holding on to most or all of it in retained profits, eg;
communicating plans for future growth that will necessitate investment
expenditure.
> >
> >5) healthy exec salaries - execs seem to be doing well
from the business even if shareholders aren't - wouldn't mind having one of
those positions!
> >
> >NB I'm all for execs being paid well, but it should be
linked to performance criteria (profit and dividends being just a couple of
those) not revenue performance alone
> >
> >6) Intangibles - would like to know what's been factored
into Goodwill - $345,706,000 and Intellectual Property - $34,701,000?
> >
> >7) Current interest bearing liabilities - $96,204,000?
> >
> >8) Prefer not to see unexplained entries in the millions,
eg; Current Payables, Other? - $31M
> >
> >9) Don't know their market or competition
> >
> >May very well grow but not my cup of tea based on the
quick review I did. (NB Keep my review in perspective - trading for just over
two months.)
> >
> >Regards,
> >Cris
> > ----- Original Message -----
> > From: Shayne King
> > To: sharechat@sharechat.co.nz
> > Sent: Wednesday, October 01, 2003 3:22 PM
> > Subject: Re: [sharechat] Financial Statement Analysis?
> >
> >
> > I am currently interested in investing in Downer EDI. I
have obtained their
> > financials and have yet to do any analysis on them yet.
How would you
> > approach determining whether this company is worth
investing in taking into
> > consideration their financials and charts? I have heard
that they may show
> > quite alot of future promise, and one analyst recommends
this company as a
> > speculative buy. I am interested in short term gains
however based on my
> > conclusions in their financials, will be willing to be a
long term investor
> > (growth buyer).
> >
> > regards
> > shayne
> >
> >
> > >From: "Cristine Kerr"
> > >Reply-To: sharechat@sharechat.co.nz
> > >To:
> > >Subject: Re: [sharechat] Financial Statement
Analysis?
> > >Date: Wed, 1 Oct 2003 14:46:27 +1000
> > >
> > >Shayne,
> > >
> > >Thank you for your comments. Great (and fast)
response from David.
> > >
> > >I started to prepare a response but the more I wrote,
the more I realised
> > >what was left out.
> > >
> > >There are so many variables I started to go down the
path of 'if this',
> > >'then that'.
> > >
> > >The bottom line is, its all a bit of a formula of
sorts (in some ways
> > >similar to creating formulas for an excel
spreadsheet).
> > >
> > >The formula will be different dependent upon the
investment objective/s and
> > >risk profile.
> > >
> > >Identifying your investment objective and risk
profile will help determine
> > >the type/s of shares you will be comfortable
investing in.
> > >
> > >With this in mind..
> > >
> > >What is your investment objective?
> > >
> > >What is your risk profile?
> > >
> > >This information will help sharechat contributors
with your question.
> > >
> > >Regards,
> > >Cris
> > >
> > > ----- Original Message -----
> > > From: david.gibson
> > > To: sharechat@sharechat.co.nz
> > > Sent: Wednesday, October 01, 2003 10:03 AM
> > > Subject: RE: [sharechat] Financial Statement
Analysis?
> > >
> > >
> > > >My question to everybody is: When you see a
company that you are
> > >interested
> > > >in investing in, what is the most important
analysis that you do?
> > >
> > > 1) Cashflow
> > >
> > > For me - cashflow is the key. It is possible for a
company to be losing
> > > money and still have good cashflow. It is also
possible for a company
> > >to be
> > > making money and have terrible cashflow. The
cashflow analysis is the
> > >first
> > > place I look in an annual report.
> > >
> > > If a company is generating cash - it becomes a
candidate.
> > >
> > > 2) NTA
> > >
> > > The next factor is asset backing. This is more than
NTA - some
> > >industries,
> > > in long term structural decline, I would expect the
price to reflect a
> > > significant discount to the NTA. On the other hand -
other industries
> > >with
> > > long term growth prospects, I would expect to pay a
premium. The
> > >assessment
> > > of NTA is mixed with a number of intangible factors.
> > >
> > > I will buy into declining industries if the NTA
discount is good enough.
> > > I
> > > will only buy growth prospects if the NTA premium is
acceptable.
> > >
> > > 3) Market Timing
> > >
> > > Interest rates are the single biggest factor, for
me, influencing market
> > > timing. (I know this does not directly relate to
your question). Some
> > > sectors are sensitive to interest rates (retail),
some are not
> > >(utilities).
> > >
> > > Generally, if interest rates are trending down -
with a lag in timing -
> > >I'm
> > > buying. If interest rates are trending up - with a
lag in timing - I'm
> > > selling.
> > >
> > >
> > >
> >
>----------------------------------------------------------------------------
> > > To remove yourself from this list, please use the
form at
> > > http://www.sharechat.co.nz/chat/forum/
> >
> >
_________________________________________________________________
> > 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 - talk to family and friends overseas!
----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/
With Xtra Jetstream - you
don't need a separate phone line for the internet!
----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/
|
