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Strategies & Market Trends : Australian Shares and ADRs -- Ignore unavailable to you. Want to Upgrade?

To: EPS who wrote (32)	4/8/1998 9:17:00 PM
From: Moominoid	Respond to of 96

Thanks for the information. I am currently interested in buying some metals and oil for my portfolio. When I saw that you were starting this group I thought that Australia could be an interesting possibility... I wouldn't tell you to stop looking at this. There are some better companies such as Santos which was discussed on here. But some of the better known ones such as BHP which are traded in New York are not very good news I think. David

To: EPS who wrote (32)	4/9/1998 10:15:00 PM
From: Moominoid	Read Replies (2) \| Respond to of 96

Here is a list of some potential Australian Resource Stocks to consider: 1. Santos 2. Rio Tinto (joint UK / Aus company) 3. Woodside Petroleum 4. and lower: Aurora Gold Ranger Minerals Western Metals Westralian Sands North Limited Portman Mining The method used to select these was to look at the last annual report of First State Fund Managers - on of the best fund managers in Australia - and see which resource stocks they held. Then I checked recent performance tables for Australian shares (in "Shares" magazine). The ones above have zero to positive returns in the last year and last three years, are currently making a profit and that profit has increased over the last year and last six months, have reasonable debt to equity ratios, and have reasonable price to earnings ratios. Santos is the clear winner with a total return over the last three years of 120% which is comparable to Australian industrials, saw double digit profit growth in the last year and has a PE of only about 15 at the moment. Rio Tinto comes in second etc. By contrast on many gold explorers (apart from Aurora Gold and Ranger Minerals above) you might have only 20-30% of the money you put in 1-3 years ago. BHP shows falling profits, a PE of 63 and negative returns over the last 1 and 3 years. Comalco has a PE around 300+ and similar dismal profits and returns. David

To: EPS who wrote (32)	5/2/1998 8:54:00 PM
From: Teddy	Read Replies (1) \| Respond to of 96

STOSY: Dow Jones Newswires -- April 30, 1998 Santos/Gas Discovery: Claims Best Area Discovery Since '94 ADELAIDE (Dow Jones)--Australia's Santos Ltd., (STOSY) an oil and gas concern, said Friday it has discovered a gas field in South Australia state. Managing Director Ross Adler said that the latest discovery 'could be the best gas discovery in South Australia since 1994.' 'A preliminary estimate indicates that the well has...approximately 30 billion cubic feet of reserves with potential upside of 50 billion cubic feet reserves,' Adler noted. 'This is the equivalent to approximately six months supply of South Australian gas demand.' The company said the gas flow at the new well, Cabernet 1, has reached 12.2 million cubic feet a day. Cabernet 1 is 12 kilometers East of the Garanjanie Field and 44 kilometers South of the Moomba gas plant. Santos is the controlling joint venture partner with a 59.8% interest in the well. The other partners include Delhi Petroleum (20.2%), Boral Energy Resources Ltd. (13.2%), Crusader Resources (4.7%) and Basin Oil (2.1%). Separately, Santos' Chairman John Uhrig said at the company annual general meeting in Adelaide: 'The financial results in the first half will be somewhat lower compared with 1997.' Santos reported a first half net profit of A$102.3 million to June 30, 1997. Uhrig said one of the main factors contibuting to the lower result would be oil and LNG prices that are likely to remain weaker in this year than they were in 1997. He anticipates that during the second and third quarters of 1988 'a number of development projects' should come on line. 'Allowing for these offsetting factors, the financial results for the full year are expected to be broadly comparable to those in 1997,' Uhrig noted. The company posted a net profit of A$206.2 million for its fiscal year ended Dec. 31, 1997. Around 0325 shares in Santos were up 17 cents, or 3.1%, at A$5.70; while the All Ordinaries index was 1.3% higher at 2798.0 points.