Forum Archive Index - May 2003

[graeme and paula richardson <chemist@actrix.gen.nz>]

I guess it gets down to putting money into those sectors that performing well 
at the time. Would you put money into managed funds right now? A great company 
in a dog of a sector will suffer every time. Look at the trade volumes, very 
low. In my opinion it is better to find a great company in a favorable sector.

Graeme



-----Original Message-----
From:   Rory Macewan [SMTP:macewarory@student.vuw.ac.nz]
Sent:   Saturday, May 31, 2003 9:54 AM
To:     sharechat@sharechat.co.nz
Subject:        [sharechat] DPC

Can anyone tell me why this 'seemingly' fantasticly run company has
yet to catch the eye of mainstream investors. It has just reported
its full full year profit to 31 March of $4.01 million up 8% from
last year. It has a return on equity of 18% and a PE of only 7.5. It
has consistently achieved figures like these over the past 5 years.
The dividend is relatively small (3.9 fully imuted) but no argument
can be made with the return they are making on their investments (bar
Sterling Portfolio Management). Id like to think that the failure of
large-scale finance companies will woo people back to more local
financial services but only time will tell. Any opinions on this
(IMHO undervalued) company would be greatly valued.

Cheers,
Rory

(discl. DPC shares) 

Visit the student portal @ http://www.studentvuw.vuw.ac.nz


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