NRMA Insurance

By Intelligent Investor · 9 Mar 2001

By Intelligent Investor ·
9 Mar 2001

NRMA is down only 5.4% on issue 72 (Hold - $2.80). The company has nailed one of its non-executive directors for leaking confidential information. This overshadowed NRMA's creditable, if unspectacular, result for the half year to December. The company posted a profit of $3.4m after tax, from revenues of $1.81bn. NRMA will also buy back about 10% of its issued capital off market. The stock remains worth HOLDING FOR THE UPSIDE.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.

NRMA Insurance

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