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[sharechat] What to do with WRI cash


From: "Karyn W" <karyn_in_oz@hotmail.com>
Date: Thu, 20 May 2004 03:52:15 +0000


Since I have most of my NZ portfolio invested in high yield stocks, I have 
been considering the same questions.  If I sell, where does the money go to? 
  Having looked at the market, I figured out that WRI is not the best 
performing stock for either yield or growth.

Some of the best dividend yields on the market belong to PGG, RNS and FPA.  
All have pretty good capital growth prospects as well - PGG from increased 
earnings as industry prospects improve, RNS as IT investment cranks up 
again, and FPA from the declining $NZ.  I also like THL for its dividend 
yield and growth prospects.

All 4 of the above have been winners for me, whereas WRI is the dog having 
bought in just before the share price did its deep sea diving act :-(

So I want to sell, but the independent valuation has made me query at what 
price? Do I hold out for a better offer?  Is one likely to come?

Karyn

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