Intellect Holdings Limited

By Intelligent Investor · 21 Nov 2001

By Intelligent Investor ·
21 Nov 2001

In our review written just over a week ago we said that our call would look silly if the company announced any new contracts. Well, guess what? Two days after we went to print Intellect announced a $20m order from an Austrian customer and up went the shares. On the same day, at the company's AGM, the chairman made the usual positive noises about the company's future. So with the shares up 23% we've got egg on our face at the moment but we're sticking with our previous SELL call.

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.

Intellect Holdings Limited

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