what the ........, page-9

When FKP warned last Thursday night that, contrary to previous
forecasts of a 30 per cent rise in profit, it now expected a 50 per cent
rise, an observer could reasonably have expected it to be popular in the
market.
In fact, it fell 2c to $2.33 next day.
It fell a further 10c to $2.23 at the opening yesterday before a
dramatic turnaround to a record $3, up 67c on the day on much expanded
turnover.
Was it a delayed reaction or something more specific?
Well, yes, a move into the ASX200 index today and a highly
successful end-of-year play by index funds.
It was all over in after-hours trading when FKP traded at $2.40
and $2.45.
By the way, the diversified property investment company lifted
net profit almost 42 per cent in 2002.
EPS this year is likely to be around 23c which puts it on a
future p/e of 13.
.........
from todays Ferret

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Happy New Year
Wahoooooooo