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International Investing / Australia (All-Ordinaries)


Subject:  Re: Coles Trading Halt Date:  3/26/2002  3:02 PM
Author:  211594 Number:  3941 of 6186

"I reckon the Mums and Dads are going to hate it."

The decision to halt the discount over a period of time, as announced yesterday, will be an interesting litmus test of the maturity, and style of the investors that grace the present suite of "Mums & Dads".

If the only reason they buy a stock is for the discount, then better off the share registry.

To think that $150m is taken clean off the bottom line every year!!, I am surprised the larger institutional investors didn't pressure CM to be rid of this stupidity earlier.

Maybe Telstra should consider introducing a discount to their stockholders, might do something positive to their stock short term :-)).

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