Forum Archive Index - September 2003

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

I have a busy week next week, and I am not sure if I will be able to 
report of competition progress on September 30th.   So I have decided 
to sum things up a couple of days early.

Brokers Forsyth Barr have a very comfortable lead with even their 
worst performing share, AIA, up more than 25% since the competition 
began.   When you add the other winners they have selected, and 
these are:  FBU +26.53%, WAM +28.74%, FPA +50.75% and  HLB 
+56.88%, it is not hard to see why their overall portfolio has grown a 
massive 37.7% so far this year.  That return is double that of the next 
best broker, JB Were.

If anyone can real them in it looks like it will be sharechat's own 
"Nigelb".  With both SKY +34.67% and INL +44.12%, Nigel's portfolio 
has obviously benefited from the corporate activity surrounding those 
two shares.   CEN +23.33%, DPC +40.03% and GPG +23.55% round 
out an entirely different but very well performed second place portfolio 
(so far) at +33.1%.  The next best performed individual, Johna, is now 
6 percentage return points behind Nigelb.

Best individual shares in the competition this year are:

Cadmus Technology +75%
Hellaby +57%
Fisher and Paykel Appliances +51%
Turners Auctions +50%
INL +44%
Dorchester Pacific +40%
Sky TV  +35%
Taylors +33%
Utilico +33%
Wrightson +32%

...and I only have one of them  :-(  !    

Never mind.  With the strong performance of INL SKY and FPA, those 
of us who don't have any of these shares are going to struggle to 
match the performance of the index this year.   Certainly the Fairfax 
INL, SKY corporate activity could not have been predicted to boost the 
share price of those two New Zealand shares as much as it did.    So 
sharechatters (including me) who don't beat the index returns will be 
let off this year ;-)

To end on a positive note, it looks like two thirds of the sharechatters 
are now in the black for the year to date.   A significant improvement 
on the end of August.

SNOOPY


   


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