Australian Shares and ADRs Message Board

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Strategies & Market Trends : Australian Shares and ADRs

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To: Les2 who wrote (58)	7/27/1998 3:11:00 AM
From: Moominoid	Read Replies (1) of 96

Telsra hav the potential to at least double in value in the next year or so they have all ready nearly doubled in 8 months No way! I already sold one lot at $A3.98 which was a temporary peak. The recent peak up to the 4.50s or so is due to the parliamentary manoueverings. I know that JB Were here reccommend it as a buy but to me that's a danger signal. The P/E is currently 25 for the fully paid up price. That's a lot ahead of the Aussie market as a whole. Also remember that the true fully paid up purchase price was $3.30 and so it hasn't yet doubled. My theory is that when the second installment comes due lots of punters won't have the money and so will have to dump their shares. David

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