Forum Archive Index - January 2003

["Second" <secondstep70@hotmail.com>]

Is MRL (Millers Retail) your favourite?
----- Original Message -----
From: <tennyson@caverock.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Thursday, January 23, 2003 2:10 PM
Subject: Re: [sharechat] What's your favourite Australian share?


>
> We've had a good diverse range of suggestions so far which I've no
> doubt will give 'sharechat' subscribers something to think about.  I
> notice that one or two of you are bending the rules and naming more
> than one share.  Tut tut!  But please don't stop sending in your
> 'entries'.
>
> The 'one share only' rule was put in to make you really think about
> the share you pick.  It may sound like an easy request - pick
> one 'favourite' Aussie share - but I have found it quite difficult.
> Selecting just one over all others is a hard thing to justify.
>
> However, after sleeping on it for a couple of nights I have made my
> own pick.
>
> The particular share I have chosen is:
>
> 1/ A substantial player in their chosen market.
>
> 2/ Has a five year unbroken record of solid profit growth.
>
> 3/ Has been able to consistently deliver a return on shareholders
> equity greater than 15% per year.
>
> 4/  Has an ability to raise margins at a rate above inflation.
>
> (readers familiar with the focus investment group will recognise
> these four characteristics as the initial screening rules for the
> focus investment group.)
>
> AND
>
> 5/ has such a good yield that if I were to list it in my New Zealand
> 'income' portfolio it would not be out of place.
>
> Finally, despite the good record above, the market has punished it a
> bit in FY2002 making it exceptional value.
>
> When you put all of those factors together, how could it not be my
> selection?
>
> So what is it?  I'm not going to tell you - yet!  I'm hoping some
> super sleuth out there will be able to guess what it is, or even
> better, guess something that fulfils all the criteria above and is
> different to the share I have picked.  This is a competition where
> there is room for several 'winners', in fact the more winners the
> better for us investors!
>
> SNOOPY
>
>
>
> ---------------------------------
> Message sent by Snoopy
> e-mail  tennyson@caverock.net.nz
> on Pegasus Mail version 2.55
> ----------------------------------
> "Stay on the upside of the downside,
> Anticipate the anticipation!"
>
>
>
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