Forum Archive Index - April 2004

["Karyn W" <karyn_in_oz@hotmail.com>]

HI Chris
You misunderstand me - I am not put off by insiders selling - every one has 
their reasons for it.  Institutions buy and sell all the time, its no big 
deal, they are usually just profit taking so their end of Qrt figures look 
good.
But I am put off by a rapid share price rise, co-inciding with a flurry of 
rubbish PR, a ASX share price query, then a dump of shares.  That smacks of 
share price manipulation to me.

My reasons for recommending TNE is its rising profits, rising dividends, 
rising share price, increasing cashflows, a history of information 
transparency, good management, 3 years of earnings suprises on the upside, 
fully expensed R&D (at 20% of revenues), good return on capital and equity, 
and solid market and financial performances throughout the entire dotcom 
meltdown.

It gets beaten down with all the other technology stocks, and doesnt get 
much press, but I figure one day it will get noticed and appreciated :-)  
I've certainly done well out of it with a 75% rise in share price, and 
another 11% return in dividends.

David - 60% of the shareholding lies with directors, management, and 
employees.   2 of the substantial shareholders (chairman and director) own 
54.7% between them (and who have not been selling!), and the other is 
Commonwealth Bank with 8.45%.

Karyn

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