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Re: [sharechat] GPG notes

From: "Richard Hooper" <>
Date: Tue, 22 Apr 2003 00:55:44 +1200 (New Zealand Standard Time)

Didn't expect an answer so late in the night ...But  thxs Snoopy 
Wish u the best
-------Original Message-------
Date: Tuesday, 22 April 2003 00:47:53
Subject: Re: [sharechat] GPG notes
Hi Hoop,

>> Both GPG shares and GPG unsecured notes would both be
>>classified as relatively less secure investments in a balanced
>>investment portfolio.
> GPG in my thinking is a growth stock.... and should grow fast ( in
> NZ$value) because the NZ$ has peaked or will not appreciate much more
> ( crystal ball theory). The depreciation of NZ$ could be slow however
> ????? but in any case GPG looks a good investment. Sir Ron does not
> believe in dividends because it is an inefficient way of giving
> shareholders rewards. There are other methods that are better to
> which he is using. Cheers Hoop

Just to clarify my remarks on GPG. The reason why I said GPG was
risky is that relative to bank fixed interest and property *all* shares and
*all* unsecured notes are risky. I did not wish to imply any slur on
GPG or its management.

Also the reason that GPG has such a low dividend yield is that
management have determined that this is the most tax efficient way to
build shareholder wealth, as Hoop suggested.

So stick with it Hoop and I am sure you will do well, if the track record
of management is anything to go by. I'm sorry I don't have GPG
shares myself, but I can't own everything that is good!


discl: no shares held

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