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Strategies & Market Trends : Value Investing

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To: anializer who wrote (28850)	11/20/2007 11:28:30 PM
From: Spekulatius	Read Replies (3) of 78748

Anializer - regarding Namoi, NAM.AX I purchased some shares today at around 42c, which is not a simple undertaking considering the trading volume of only 70k shares on the ASX <g>. It looks like tangible assets are around 1 AUD/share. Despite the bad cotton harvest caused by drought conditions. The company looks like it's going to break even this year (they typically loose about 9-10c/share during the 1st half when there is not much to do but can earn 20-23c during the harvest season. This year they earned about 11c during the 1st half. In better years they earned up to 13c/share and payed up to 7c dividend/share. Thanks for bringing this stock to our attention

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