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  1. #21
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    Nov 2001
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    wellington, , .
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    273

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    Yawn Yawn ... someone wake me up when this stock starts moving ......

    Disc: bored GPG holder ...
    nelehdine

  2. #22
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    Sep 2000
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    337

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    Nele,

    You puzzle me. You have been holder for such a short time.

    Paddie[]


  3. #23
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    Nov 2001
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    wellington, , .
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    Two months of going sideways/drifting lower Paddie, all my other stocks have performed well, GPG seem a little "blinded by the headlights" at the moment. ( Only 2% of portfolio, so no major issue )
    nelehdine

  4. #24
    Senior Member
    Join Date
    Dec 2002
    Location
    Wellington, , New Zealand.
    Posts
    639

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    Brokers spy value hidden in Coats

    11.01.05
    by Ellen Read


    Brokers who chose Guinness Peat Group as one of this year's top picks on the sharemarket have three main reasons for championing Sir Ron Brierley's investment company.

    ASB Securities believes the market has yet to fully appreciate the company's asset base and the huge value potential in Coats, the zip-and-thread maker.

    The English firm, boasting 30,000 employees, was taken over by GPG last April with a £200 million ($539 million) investment.

    Another GPG champion, First NZ Capital, sees the successful restructuring of Coats - which accounts for 35 per cent of GPG net assets - as having the potential to add at least 45c a share to GPG's net asset value.

    First NZ Capital research head Rob Bode said that Coats, headed locally by director Tony Gibbs, was also a potential beneficiary of the expected fall of the local dollar this year.

    This was because companies that held most of their investments overseas, such as GPG, experienced a rise in the value of their assets when the New Zealand dollar fell.

    The third GPG fan among the nine broking firms that took part in this year's Business Herald stock-picking competition is GoldmanSachs JB Were.

    The firm's head of retail, John Cobb, said GPG was given the nod due to the signs of operational improvements at Coats and the potential for corporate activity surrounding Rubicon and Tower, both of which feature heavily in GPG's New Zealand investment portfolio.



    GPG, which became the investment vehicle of Sir Ron after Brierley Investments floundered in the 1990s, has a market capitalisation of just over $1.9 billion.

    The company's investment track record spans sectors including financial services, motor vehicle distribution, foodstuffs, building products and gas distribution.

    In August, the company disclosed a "modest £5 million result in conventional accounting terms" for the six months to June 30, saying it had been another active and productive half-year.

    "As we have stated before, many of GPG's major sources of profit do not fall neatly into six- or 12-month reporting periods and some volatility must be accepted," said director Blake Nixon.

    "For the same reason, the half-year is not necessarily indicative of the full-year result, when various transactions now under discussion or negotiation are likely to come to fruition."

    Three reasons to like GPG

    * The potential of its British thread-making business, Coats.
    * An expected dip in the dollar.
    * The likely corporate activity around GPG's local investments.

    Fantasy Premier League 2006/07, 2007/08, and 2008/09 Champion :-)

    "The surest sign that intelligent life exists elsewhere in the universe is that none of it has tried to contact us." - C&H

  5. #25
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    Join Date
    Jul 2001
    Location
    Kapiti, , New Zealand.
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    103

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    Not sure I agree with the dip in the dollar, but there has been good volume lately.

    Could be on the way to breach 2.30 soon.

  6. #26
    Senior Member
    Join Date
    Dec 2002
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    Wellington, , New Zealand.
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    Does anyone know if GPG plan to exercise all their rights?
    Fantasy Premier League 2006/07, 2007/08, and 2008/09 Champion :-)

    "The surest sign that intelligent life exists elsewhere in the universe is that none of it has tried to contact us." - C&H

  7. #27
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    Jan 2004
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    117

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    More than 19 million shares sold in the first hour today and the share price has dropped 3 cents.

    Gryffyn, is this you disposing of your GPG shares today following your sell down of TWR shares yesterday?
    Taijon
    Wellington

  8. #28
    Member
    Join Date
    Apr 2004
    Location
    Dunedin, New Zealand.
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    193

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    DJ MARKET TALK: GPG Down After Discount Stake Sold Overnight



    1008 [Dow Jones] Guinness Peat Group (GPG.NZ) stock price may come under pressure today
    after big overnight trade goes through at discount to market; line of 19 million shares,
    or 2.2% stake, traded at NZ$2.12. GPG soared to all-time high of NZ$2.27 last week,
    closed yesterday at NZ$2.22; stock opens weaker in early trade, now down 1.4% at NZ$2.19.

    (POR)

    No mention of seller or buyer.

    Undisputed 2006 World Cup Premierleague Champion

  9. #29
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    Dec 2002
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    Wellington, , New Zealand.
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    :-) Taijon. I'd be happy to pick some more up at 2.12.
    Fantasy Premier League 2006/07, 2007/08, and 2008/09 Champion :-)

    "The surest sign that intelligent life exists elsewhere in the universe is that none of it has tried to contact us." - C&H

  10. #30
    Senior Member
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    Dec 2002
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    Wellington, , New Zealand.
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    ps - that's not saying I bought the 19mill. I have a few but not that many!
    Fantasy Premier League 2006/07, 2007/08, and 2008/09 Champion :-)

    "The surest sign that intelligent life exists elsewhere in the universe is that none of it has tried to contact us." - C&H

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