Forum Archive Index - February 2002

["Matthew Van Veen" <mattvanveen@hotmail.com>]

Given the result bt AIA this morning I find it harder to believe this result 
by THL and even worse the next "break even" one. What a dismal track record 
in the last couple of years.


>From: "Peter" <pmaiden@today.com.au>
>Reply-To: sharechat@sharechat.co.nz
>To: sharechat@sharechat.co.nz
>Subject: [sharechat] THL
>Date: Wed, 27 Feb 2002 20:54:37 +1300
>
>Hi Dick. Haven't heard from you for a while. Good to see you are
>still keeping in touch.
>
>I cut my losses with THL last March. The response I got from Dennis
>was pretty uninspiring.
>
>Sad that so much can go wrong. Little consolation to those affected
>but at least the Olympics weren't to blame this time.
>
>In that letter to Dennis I did say that THL would beconme the pariah
>of the NZ market.
>
>Maybe they will but no doubt a new lot of punters will join the fray
>thinking that at $1 they are cheap. Only time will tell but with such
>a high fixed expense base ongoing declining revenues is the last
>thing they want.
>
>If break even 'at best' (Dennis's words) is expected for the full
>year you can imagine what the loss for the second half year will be.
>
>What is scary is a remarkable similarity between the AIRVB and THL
>charts over the last three years - especially if you lay the AIR
>chart starting from June 1999 over the THL chart starting Dec 1999.
>
>Strong correlation between the two. Does this mean that THL will head
>to 30/40 cents over the next six months?
>
>Cheers
>
>Peter
>
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