Forum Archive Index - August 2000

["Wedde, John" <john.wedde@cit.ac.nz>]

Nick,
You say "no big news" but profit up 97% is surely pretty impressive.  Like
you though, the market looks like it was perhaps expecting something else as
the share price has dropped under $3 again. 
I do have a couple of queries however about their announcement.
Could anybody enlighten me as to what is meant by "normalised  profit" ?
How can profit be up 97% but earnings per share only up by 41%? Surely
profit is earned for shareholders and if this is up by 97% then earnings per
share should also be up by 97%?
Cheers
John

                -----Original Message-----
                From:   Nick Bryant [mailto:nbryant@nbr.co.nz]
                Sent:   Wednesday, 9 August 2000 10:36
                To:     sharechat@sharechat.co.nz
                Subject:        Re: [sharechat] ADV

                Ted wrote:
                > 
                > No big movement yet. If there was big news, someone would
have got it
                > out by now methinks.


                Have returned from the ADV lock-up and can only summise that
it was held
                to create an aura of importance. No big news at all.
                Nick.

        
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