Forum Archive Index - October 2003

[Phyllis Bergquist <phyl@clear.net.nz>]

DEar Cristine,

I take my hat off to you completely for your depth of research and your completely open sharing.

I enjoy constantly you and Morgy and Woody and David et al.     Except for basic details ( the

only ones I know about!!!) I use my trusty chart.   After going to Dan Gramza at the weekend I

find I have another fine tuning tool in my armoury.   It was totally excellent and a most compelling

and logical tool.

 

After all that - of course, I am going to ask you something.   I used to have some shares

in TASSAL  Salmon Fishery.    They went into receivership and the receivers bought another

Salmon Farm to make a much better Company.   That is what they said anyway - not a

lot of info.   The conjoined Company is now being bought by David Williams and Mariner

Financial - due Diligence is very shortly to come to fruition.

 

Am v partial to a nice salmon steak and looked at the company - made a small loss - kept

my eye on it.     Do you or anyone else know anything vital.   Mariner Finance have placed shares

with other Investment houses but apart from I am not very good at finding the bottom story.

 

Sounds kind of interesting.    Any info - received with much gratitude.    Cheers   Phyllis.

From: Cristine Kerr

To: sharechat@sharechat.co.nz

Sent: Friday, October 03, 2003 12:44 PM

Subject: Re: [sharechat] RMG - up 24% at 1:30

You might want to check the momentum of ASX - IMC.

----- Original Message -----

From: Shayne King

To: sharechat@sharechat.co.nz

Sent: Friday, October 03, 2003 11:42 AM

Subject: [sharechat] RMG - up 24% at 1:30

It may actually be that RMG is finanlly on the move. Have hovered around 3c
- 4c for the last year after their huge tumble from 25c. After looking at
their latest financials it appears they have managed to obtain a very
realistic team eg make it no secret that the last year has been extremely
bad, also note that revenues have been spiralling downwards and hit hard in
the last year. Cashflow still very poor and only managed to stay positive
due to issue of more shares/convertibles/options. Liquidity is very poor
0.4, however since dec 00 has averaged 0.8. Revenues are down by 32%
compared to last year. However, what amazes me is that with all this doom
and gloom they have still managed to win significant contracts eg National
Aus Banks 92m of debt, debt recovery contract with telstra (3year).
Still a highly risky stock however could show promise if you want to buy
into managements realism.

Also to note, at 1:30 today they had 500,000 buy orders with no sell order.

regards
shayne

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