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RE: [sharechat] Challenger Group - CLI

From: "D & C . Adams" <>
Date: Sun, 28 Oct 2001 10:56:20 +1300

Your advice and research on this and many others is excellent
Fortunately I also bought in @ $2.58 and have benefitted and
would like to thank you for all your hard work and advice to the group
Keep it up.
-----Original Message-----
From: []On Behalf Of G Stolwyk
Sent: Saturday, 27 October 2001 06:13
Subject: [sharechat] Challenger Group - CLI

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.


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