Forum Archive Index - March 2004

["Duncan MacGregor" <d-m_macgregor@xtra.co.nz>]

Hi snoopy
                   You are quite right In saying that there are similarities In HQP and RBD both selling                        and leasing back to expand.     When we do the sums look at the yield of leasing back the similarity
ends.      RBD sold out to expand In Australia Into a market that they didn't understand with a yuck             product In competition with an over supplied market against fierce opposition.     Logic tells me
they are doomed unless there Is radical change.    HQP on the other hand have sold hundreds of        properties at the top of the market they must have surprised them selves with the profit margins.
This company Is rolling In gold has a great cash flow business setting out to control and expand
the hire business.    The question Is who do they buy out now?.   
We all have to think we are fully Informed and told the truth but like everyone else my judgement
Is based on what I find out plus my ability to smell a rat and jump ship..
I nearly sold half my holding to lock the profit but thought what the hell I am miles In front.
Do a complete FA on the results when they come out snoopy I have raved on about this share
and would appreciate your opinion nobody does It better.
                               cheers macdunk

ps  { YOUR FA NOT MY RAVING}
no comment Woody please