huntleys' recommendations & stuff

Hi Guys,

I posted this message on sharescene.com.au.
For the benefit of people who don't frequent that chatroom, here it is.

Hi guys,

Plenty of price rise(& dividend) to come over the couple of months. It's not too late to buy.

Anyways, for a bit of fun I thought I might post Huntleys' reccommendations for JBM over the last 2 years so here they are.

The prices at the time are indicated in brackets.
Dividends in brackets were payed out after valuations.

11/04/02; Better value elsewhere($1.40)
11/09/02; Better value elsewhere ($1.57)(+15 cent dividend)
27/05/03;SELL Accumulate Below A$1.45 per Share(lol)($1.99)(+8 cent dividend)
18/07/03;Sell: JBM Overvalued on What is Known($2.35)
11/09/03;Sell: JBM Overvalued on What is Known($3.05)(+20 cent dividend)
21/01/04;Sell: JBM Overvalued on What is Known($4.10)(+20 cent dividend)
11/05/04;Speculative Hold/Neutral($3.30)(+35 cent dividend???????)

Over this 2 year period JBM holders have received 63 cents in dividends(partly franked).

Over a whopping 45% return in 2 years in dividends alone.

Other info for fun,

Current JBM cash in bank & receivables total over $107 million.
September report will show $60,000,000+ after tax profit since Jan 01 2004.
Current Nickel prices if sustained would yield JBM another $75,000,000(approx) for the 6 month to Dec 31 2004.

Key Aspect ratios show JBM is in the top 10% of ALL ASX listed companies for Value,Growth & Income.JBM is in midrange on risk.

Current Market cap $508 million @ $4.08

Currently JBM earns over,

150% more per share than NCM
250% more per share than MRE
50% more per share than WMR.

Cheers.