Forum Archive Index - February 2003

[Jefley Aitken <jefley@xtra.co.nz>]

Hello JL
I've held a fistful of this poorly managed stock for years and it owes me 
heaps...  But last November the aforementioned crappy management announced 
that they were expecting things to be very positive this time round and 
that they were looking to 'reward' shareholders with a capital 
repayment/special div or something.

Volumes have gone up hugely over the last month, which reflects both 
positive forward thinking (the buyers) and ongoing distrust of management 
(the sellers).  I reckon there is every chance of a short-term profit if 
you buy under 1.20.

If the HY report really delivers, there could be ~40c special div, in which 
case a very good profit...
Check out the company announcements since last Nov as well as archived 
posts on this forum.  I understand that there are a couple of new board 
members this year, which may mean that not all the rubbishing of management 
is currently valid, but it sure has a strong record of disappointing.
Good luck with your decision, Jefley.

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