Forum Archive Index - September 2000

["Sam McGregor" <sammac108@hotmail.com>]

Dear Michael

Buy CEN when it gets down to $2.15.  Be patient.

Sam


>From: Michael Gore <michgore@i4free.co.nz>
>Reply-To: sharechat@sharechat.co.nz
>To: sharechat@sharechat.co.nz
>Subject: [sharechat] CEN - a safe haven?
>Date: Mon, 25 Sep 2000 09:55:15 +1200
>
>How concerned is everyone over the inflationary effects of combined high 
>oil prices
>and low dollar?  I was trying to think about a share which might be 
>insulated from
>the effects of this and I'm thinking maybe CEN.  Analysts quoted in the 
>newspaper
>seem to think it is undervalued and they are supported by a share buyback.  
>Contact
>obviously don't need to distribute their product through a fleet of trucks. 
>  They
>are an energy company other than oil and I think even if customers are 
>spending
>less in the retail sector due to higher prices, they'll still need to use 
>power.
>Then again I have no idea what the ratio is of industrial/domestic power
>consumption.   The generator that is out of action might I guess be seen as 
>bad
>news and affecting price but I heard it is being fixed at no cost and 
>shouldn't be
>a long term problem.  What does eveyone think?
>   By the way - Sorry to the group and Bob for the below which I wrote 
>without
>having read the subsequent more eloquent message from Ben.
>
>
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