Sharechat Logo

Forum Archive Index - October 2001

Please note usage of the Forum is subject to the Terms & Conditions.

Messages by Date [ Next by Date Previous by Date ]
Messages by Thread [ Next by Thread Previous by Thread ]
Post to the Forum [ New message Reply to this message ]
Printable version

[sharechat] Challenger Group - CLI

From: "G Stolwyk" <>
Date: Sat, 27 Oct 2001 18:13:01 +1300

On 15 August, 2001, I recommended this stock:
I bought some @ $4.03 and took part in the 1:9 cash issue @ $3.10. This money was used  to form a company in the UK. CLI bought a number of properties there with rental periods of 15-20 years, blue chip tenants.
In the UK, it is compulsary beyond age 75 to purchase annuities. CLI has applied for a licence that will allow it to offer annuities : See pages 21, 22 of the 2001 annual report. This 107 page report is read in pdf format on their web site:
On 30 Sept. 2001, I forwarded this post:
Friends and I bought a considerable amount of stock @ $2.40 -$ 2.60. We were very confident that we would see some good price rises.
And there were! CLI is now $3.48 and still has a lot of ground to make up.
My views have not changed and I still consider CLI to be worth more than $7. 
The Annual meeting is on 22 Nov. 2001. 
Readers are not asked to buy, hold or sell CLI stock. To do so will be entirely at their own risk.


Messages by Date [ Next by Date: Re: [sharechat] AIA - Auckland City Council share Colin Ross
Previous by Date: Re: [sharechat] Missing the boat. was: WAM Michael Phillips ]
Messages by Thread [ Next by Thread: RE: [sharechat] Challenger Group - CLI D & C . Adams
Previous by Thread: [sharechat] a good deal that makes much sense Cindy Lens ]
Post to the Forum [ New message Reply to this message ]