Forum Archive Index - February 2004

[robin benson <rob@hammerheadmedia.co.uk>]

Question 1: Which companies would you invest in to directly benefit 
from a lower NZD *and* a sound growing business?

Yes, one could invest in export-oriented businesses like WKL, WRI, SCT, 
but there are surely other possibilities where the benefit has a more 
fundamental relationship with a lower currency, as opposed to being a 
bit more competitive.

My (very initial) thoughts include TWR, GPG, MHI, AIA. These companies 
(mainly) have only partial exposure to fluctuations in the NZD, with 
significant operations locally and overseas.

Question 2: How much consideration do you give to currency fluctuations 
in your investing activity? Of course, there will be those who invest 
for a return in NZ (TEL, etc.). However, taking into account currency 
movements add another dimension to many investment decisions.

Regards

Robin


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