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  1. #1
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    Default CDL & CDI ... Another Great Result

    CDI

    CDI
    05/08/2004
    HALFYR

    REL: 1149 HRS CDL Investments New Zealand Limited

    HALFYR: CDI: HY to 30/06/2004 $4.734m ($3.686m) +28.4% No Div


    CDL

    CDL
    05/08/2004
    HALFYR

    REL: 1149 HRS CDL Hotels New Zealand Limited

    HALFYR: CDL: HY to 30/06/2004 $9.352m ($8.166m) +14.5% No Div


    Disc: holds cdl & cdi
    *WONKA & THE CHOCOLATE STOCKMARKET FACTORY*

  2. #2
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    Default

    Are these part of your income portfolio ?

    Disclosure : Jealous becos not holding any.[B)]

  3. #3
    Reincarnated Panthera Snow Leopard's Avatar
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    Default

    I admit to knowing little about these two, but a quick look suggests that research is in order. Given their NTAs, P/Es and a reasonable profit their current price seems to have potential.
    Is CDL under-priced do you think?
    om mani peme hum

  4. #4
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    Both are good long term stocks. Gives good div for full year result and continue to make record profits. All in all I am a happy holder.
    *WONKA & THE CHOCOLATE STOCKMARKET FACTORY*

  5. #5
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    I purchased shares in CDL in early 2003 at 27 cents after reading some of C9's posts. I normally keep clear of hotel stocks, but did some research myself, liked the recovery story and fundamentals at the time and bought in.

    Still holding now and see no reason not to at this stage.

    So I really do owe C9 a beer. Proof that you can make good money reading posts in Sharetrader, as long as you do your own research and take responsibility for your own decisions.


  6. #6
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    I got some at 37c a year ago and they are now 47c so I'm not complaining at that and they pay a good div and dont forget that
    shareholders get a 50% discount at their hotels! Their pe is now 10
    so I'm not so certain about further growth so I would be looking for something on a lower pe when I buy again - like AFF

  7. #7
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    I am both very happy with CDL and CDI.

    CDI is an interesting one to watch. Alot of cash in the bank, NTA @ 26.5 cents with a good half yr profit of $4.74m, assume they can make $8m for the full yr and a market cap of $54m, gives it a p/e 6.75. The only thing you have to be careful of is that the NZ property market have slowed, but that is good for the long term trend.
    *WONKA & THE CHOCOLATE STOCKMARKET FACTORY*

  8. #8
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    I had some CDI but sold them a month ago at 27c because I felt there was not much upside because of residential building slowing down.
    Bought TWR with the proceeds. Thats far more exiting.

  9. #9
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    I've nearly doubled my $$ on CDL. Go you good thing.

  10. #10
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    Hat-tip to C9 here again folks, just like PVO

    The original CDL bull ...good one C9


    CDL is UNDERVALUED, seems to be in a long term uptrend and as we know is way under NTA, exposed to tourism and making a profit.

    I really think you will have made a long term mistake Farouk, I hear your story but that is surely the worst of their hotels from the ones I have personally been to. It may not happen overnight but I will double my money in the next few years.

    Very comfortable at 24c.

    C9

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