Angus & Coote - 7/12/00

Angus & Coote - 7/12/00


Here is one company where the effect of the GST will show up in the chart.

Angus & Coote (ANC) chart is interesting in that the chart shows increased volume on the weekly chart for the 8th of September, higher than it has been for the last few years (keeping in mind that this chart is thinly traded).

Interesting to note an article in the BRW in November states that sales are ahead of budget since the GST has been introduced. Sales tax on Jewellery and watches was between 22% to 32%, now there is only the GST @ 10%.

I am sure our subscribers are not surprised that this article in the BRW on the 17th of November has called the high on this stock at time of writing. Please do note again, this stock is thinly traded, but is included here to show that ultimately, what drives stock prices is earnings.

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