Forum Archive Index - December 2003

[Tony <tony@ltdrisk.com>]

Thanks Cris, I'll have a look at the Aussie INL, but I forgot to mention that these are NZ shares. This INL is Independent Newspapers.

regards

tony

-----Original Message-----
From: sharechat-owner@sharechat.co.nz [mailto:sharechat-owner@sharechat.co.nz]On Behalf Of Cristine Kerr
Sent: Tuesday, December 02, 2003 19:33
To: sharechat@sharechat.co.nz
Subject: Re: [sharechat] Fresh start

INL has innovative, environmentally superior mineral processing technologies and their website is worth a visit:

 

http://www.intec.com.au/html/home/default.shtm

 

Briefly...

 

Copper processed and supplied by INL to Rautomead has been upwardly cast into oxygen-free copper wire rod.

INL will be processing Ivanhoe's gold soon and proving scalability through their new pilot plant.

 

Increasing interest from other parties.

INL is likely to be a bidder on the Western Metals Hellyer Project (tailings dam in Tasmania that is well-suited to INL's gold processing technology). INL were already in discussions with Western Metals prior to Western going into receivership.

If successful, this means INL will not just perform mineral processing but will have a direct interest in the gold processed/produced.

 

Regards,

Cris

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

From: Tony

To: sharechat@sharechat.co.nz

Sent: Tuesday, December 02, 2003 3:06 PM

Subject: [sharechat] Fresh start

I have done some numbers and have come up with the following shares:
WHS
DPC
SKC
INL
DBB
RBD
POT

Some have been discussed at length here but some not.
WOuld anyone care to comment on INL and DBB?

Also, WHS has taken a dive lately, presenting a buying opportunity?????

SKC goes down on what seems good news about expansion in Adelaide...?

RBD also seems to be a bargain...


POT just doesn't display great value to me. They pay out a large dividend,
their ROE (weighted for previous three years) is 11.6%.

I fitted a linear curve to their historical ROE to see what a fair number
would be for ROE growth and I get 0.37%

I realise they are a monopoly but where is their growth in income going to
come from(other than just putting up prices)? Have they got a lot of spare
capacity?

I can't see why there should be a PE ratio of more than about 15 with an ROE
of 12%

This gives a IRR of about 2% based on current price of 415. AT a "bargain"
price of 360 the IRR rises to 6%

tony

Discl: hold WHS


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