There will be many tears cried when the building downturn in Australasia bite into Feltex in the next few years.
Forbar is only doing what the 'thickos' out there want - high yields. CSFB however is very very smart to take advantage of their thickness.
Score - Feltex, CSFB and Forbar : several million dollars up each. 'Thicko' investors : many millions down already (but don't know).
Doesn't surprise me. Minder has always struck me as someone worth listening to as a contrarian voice. Incidentally, I think Sharebroker = Minder.
FTX said five weeks ago that it could meet it's profit forecasts, and now it says the profits will be 13.5% (ish) down. That's poor by anyone's standards and their credibility is now justifiably questionable. Still watching this co. but happy I didn't buy in before friday. Increasing costs and decreasing margins doesn't make for a very profitable future, in the short term.
I guess that kind of answers my question regarding whether or not the previously expected divi was viable. The question is now obviously whether the market has overreacted.
Why have an IPO if it's not to grow the co', or the last opportunity for the owners to dump it when the growth cycle is nearly over?
Haven't looked at Methven lately.
feel sorry for SB and co.... why would u want ur name tainted in a forum? sigh
what ppl do these days to be 'different'
Thanks for your kind concernm, Dazza - I have just been savaged by the neutered chihuahua, Kingi, with his backing of THE MINUS 116% UNDERPERFORMER BGR. So obviously I need help.
PLK - the announcement from the company tells why its profit margin in the secomd half is lower than the first. Suggest you read it.
FTX is stuffed in the next 12 months - credibility is out the window and no institution is going to want to touch this stock. First rule of investing is : can you trust the management.
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