Forum Archive Index - May 2004

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Re: [sharechat] HRQ by macdunk

From:	"mick" <mick100@extra.co.nz>
Date:	Sat, 29 May 2004 20:55:21 +1200

Your dead right Macdunk

The best NZX companies rarely get a mention on this forum

My favourite NZX company would be GPG

They have had an annual rate of return of over 18% since inception in 1991

Probably not quite up to your expectations but nevertheless, a good one to

have in your portfolio

Right now they are a bit overpriced but will probably be cheaper in 6 months time.

Another one I hold is CDL hotels

They have an NTA of 65c currently trading at 40 c

I think the outlook for tourism in NZ is good

Not only clean and green but also safe in NZ

They own and manage Millennium, Copthorne and Kingsgate hotels

They have two subsidiaries - Kingsgate International and CDL investments

The main focus of the subsidiaries is property developement jn NZ and Australia

If your interested in Aussie resources shares let me know

there's some good buying opportunitties at the moment.

Mick

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