Agreee Kaya--one guy a good friend of mine I play him chess sometimes--or at least I used to up in Sydney (met him in a mental health unit.)--he's okay as long as he takes his medication. He said the people on the outside are the crazy ones!--lol ====== Agree with your thoughts John, basically ERG and Powerlan, I can't discuss either fully on the BB for it does involve legals on both stocks, another person was involved, my own personal holding in ERG, was finished in 2004--another lost a substantial amount. I lost a substantial amount too. But basically I was washed up in 2004, then lapsed into overwhelming depression. Psycharitrist do not classify the loss of money as a mental illness. So I've received no counselling in that regard, other than a brief statement made once. "To make yourself happy imagine if you won lotto" whatever I have had to do to come to terms with my losses, I've had to do myself. Recovery since 2004--has been very hard, a succession of part time jobs, with no adequate cash flow coming in. Back in 2005--I had 15.000 CPU at $2.50 below the present shareprice, then I lost my job on the 15/2/2006 (the same day as it's rrofit report) with no ability to fund them. I haven't had stock selection problems since 2004, I've had cash flow problems and mental illness problems. As for CPU, I'm a trader not an investor. I make that clear on my moniker. I also had CPU around its lows--in 2002 I had it at 2 dollars, the low being 1.35 March 12th 2003, it went down I had no job I was forced to sell them, it was a bear market and I had no ability to carry them for the necessary time period. Same story on CTX--here is a post made at another website dated 29/5/2005. ============= Yes cheers Walt--ERG has something to do with transit and smartcards doesn't it?--I don't really care--I sold 30.000 CTX in the 1.70's after buying them at 1.63--at 1.63--it had earnings per share of 48c--oil stood at around 30 dollars a barrel--I sold CTX (too close to prices--held them for about a month didn't do much.)--bought ERG--got wiped out on that dog---kept to the present day---my CTX profits (without even trading it--just as a passive investment)---$562,200 dollars profit. Yes ERG!---please!. Another post from 2002 trade diary on CTX--here are my fundamental comments on CTX--in reponse to another person. ============== Anothers comments 21/7/2002---Caltex But it is a frog that goes woof woof. My previous comments on this dog stand. Until they work out how to make a profit they will stay in the doghouse and the NTA will mean exactly zero. Good investors/traders would have sold out of CTX at around $1.80 as it fell back from $1.99. Only liers would have managed to get out at the exact top. There is still no reason at all to be long on Caltex although a close above $1.72 should have people looking at it. My response.Here were my thoughts on CTX back in 200216/9/2002 Fundamentals (ie eps--NTA) support a higher share price---company restructuring---subject to the median average for WEST Texas Crude--of 25 for this year---getting better as a company---and with the retail side kicking in as well. --------------------------------------------------------------------- 20/9/2002http://stocknessmonster.com/news-item?S=CTX&E=ASX&N=273135 EPS when you compare halves (not forgetting the prior year was affected by the writedown of Pioneer--which has gone down as one off and non recurring (Caltex was formed before 1988) has risen from 0.5 to 48.3 most of that is on the back of inventory gains due to rising oil prices---CTX I was told years ago by my old broker goes on WTI---Ord Minnet are estimating for the six months just passed and for the year or so ahead that the average for the whole year will work out at around 25 per barrel---if that comes true and so far despite the volatility of oil prices both up and down---eps would continue to look good and ofcourse the entity is improving in other ways as well---examples of which include reducing gearing levels---putting in Intellect terminals in their Starshops and IGA Everyday stores---not all of the retail side is petrol---many stores are standalone. Anyway the significance of GICS is final step 30/9/2002---effective date 1/10/2002----subject to the forecasts being correct---CTX trading at around half book value justifies (in my view) with earnings per share of 48.3c (for one half---if oil averages 25 in the second half--it will be around the same next time the entity reports in March) it with the relief of GICS selling pressure will justify subject to the speculative risks outlined above a higher share price. In other words while it has been trading at half book value Sir Ron Brierly has seen the same things I do, he and his team of people would in estimation (see company announcements showing improvements in CTX) would be working hard to restore value to CTX shareholders---he is leveraged and one of his favourite things to do is at some point (and CTX have stated that if they can reduce debt and get back on their feet again they would like to pay a dividend) restore the dividend---that pays his loan back and makes the acquisition for Guineass Peat affordable. Some of the above is speculation on my part----within it are facts on the company. Regards. ============ Regards,---Steve
