Re: [Leica] Leica's stock preformance ?

["William Ferris" <billferris@worldnet.att.net>]

Of course, how well the stock has performed depends on when you bought it.
You could have purchased Leica AG for DM24 in March, 1998 and had a 30%
profit in less than 2 months.  Timing is everything---in making photos and
in making your fortune.  Now is probably the time to buy both the stock and
the equipment.  Will they ever be less expensive?

Bill
- -----Original Message-----
From: N.S.Ng <nsnga@pacific.net.sg>
To: leica-users@mejac.palo-alto.ca.us <leica-users@mejac.palo-alto.ca.us>
Date: Wednesday, May 13, 1998 12:50 PM
Subject: Re: [Leica] Leica's stock preformance ?


>Not good, I'm afraid. Currently Leica stock is currently trading at about
>DM31. It was listed at DM47 on Sept.19, 96. It rose to a high of DM54.50 in
>fiscal '97. The stock was oversubscribed 18 times during its IPO. The stock
>is listed at the Frankfurt Stock Exchange. Why? Very likely the effects of
>the Asian financial and currency crisis.
>
>I have a copy of the 1996/97 annual report. It mentioned that in fiscal
year
>ended March 31, 97 sales to the Far East accounted for almost 24% of the
>total group sales. This was up from 18.7% for the previous year. The US
>accounted for 13.1%, Germany 35.7% and Europe (excluding Germany) 25.5%.
>Total sales in FY '97 ended March 31 was DM265,777,000.  The M still
>accounted for 28.3% of the total sales vs. 24.3% for R. But this has to be
>seen against the previous year (95/96) when the M accounted for 29.2% of
>total sales against 17.8% for the R. Therefore, the R sales have increased
>more rapidly. This was due to the introduction of the R8 and according to
>the
>report, large volumes of R7.
>
>The results for FY ending March 31, 98 should be available. It would be
>interesting to see the changes in sales to the  various regions as well as
>by product lines. By the way, this annual report has beautiful photographs
>from many Leica photographers, such as Luis Castenada, HCB, Mario Algaze,
>etc.
>
>Therefore, Lugers, where do you want to invest your money? Leica stock or
>cameras and lenses:)?
>
>Regards,
>
>N.S.Ng
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