top value picks for 2003, page-12

CLI, Challenger International,

P/E is @ 2.55, currently trading at $1.74 with a Net Tangible Asset per share of around $2.74.
Earnings per share of $0.6833, divident of 9 cents.

Major holders and recently joined Board: K. Packer and Lloyd Williams

With a difference of $1, in favor of NTA, between current trading price and actual NTA, I can't see too much further downside but would expect a strong reversal in the next view months.

cheers,
Niche1