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| From: | "nick" <helmett@xtra.co.nz> |
| Date: | Sun, 24 Mar 2002 18:36:00 +1200 |
Have to disagree about GPG having no fundamentals. Fairly easy for the
analysts to come up with a fairly accurate approximation of NAV. This is
currently estimated to be around 2.33 cents a share, which means the stock
is trading around 20% discount to real value.
Similar companies in australia are generally trading at a premium to NAV
this makes GPG look relativly cheap. furthermore GPG have proved very adept
at growing NAV so as long as the price follows the increase shareholders
will be happy and the stock will still be cheap.
Nick
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