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[sharechat] CEN


From: "vincent.wang" <vincent.wang@xtra.co.nz>
Date: Fri, 28 Apr 2000 08:05:30 +1200


Contact's 1999 net profit includes a large chunk of one-time gain, if you exclude that part, its return based on current share price is only about 8%, not 10%.  It is reasonable cheap, not particular cheap.
 
Does the Labor government's proposed electricity reform have any thing to do with Contact's share price drop?
 
RGDS,
 
Vincent Wang
 
Disclosure: hold Contact, cost @3.10, sitting at big paper loss. 

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