Jenny Ruth's "first thought was why did they bother?"
Herald Sept 10
\"The overweening conceit which the greater part of men have of their own abilities [and] their absurd presumption in their own good fortune.\" - <b>Adam Smith</b> - <i>The Wealth of Nations</i>
The information you have is not the information you want.
The information you want is not the information you need.
The information you need is not the information you can obtain.
The informaton you can obtain costs more than you want to pay.
Go to www.shares.net.nz for summary. Then get a prospectus and see forecast cashflow tax expense of $1.3 mill for next year. You have to make $4 mill pretax for this... 33% up on this year. Looks good buying to me.
If u want a financial try NYSE listed FMT
seems to be quite undevalued e.g. PEG of 0.15 PE of 5 etc I assume the undervaluation is an overeaction to the lawsuit.
though must say,I'm not buying, brokerage via asbsec is too expensive and can't be bothered opening ameritrade a/c till i move and get a more permanent home
Another telling factor about the quality of NZ Finance is the very low level of bad debts.
Only $20,000 in four years! Cant see any downside in this IPO.
NZ Finance - Building an Empire
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This stock shines so bright that it \"Bling Blings\"
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