Forum Archive Index - October 1999

["Talacek, Philip " <pjt57@elec.canterbury.ac.nz>]

Ultimately which ever govt that gets in will be curtailed by what the
Australian govt does.  If the Australian govt starts cutting taxes it would
be a very bold govt here to go in the reverse direction.  Changes to ACC
(the wrong kind of changes) and the ECA, would be a pity, but if there is
one thing NZ should have learnt by now is to just get on with business and
stop expecting govt to anything for you.  Any company whose earnings are at
serious risk due to changing govt policy is poorly managed, and somewhere I
would not put may cash.  

> -----Original Message-----
> From: Brent Wheeler [SMTP:brentw@bwcl.co.nz]
> Sent: Tuesday, 5 October 1999 15:30
> To:   sharechat@sharechat.co.nz
> Subject:      Re: [sharechat] bargain hunting
> 
> Agree with Stuart and Philip on TEL as a stock.  Telco's must be about the
> only types of company that simultaneously offer (medium term):
> 
> *    growth, and,
> *    defensive characteristics.
> 
> The story that sums it up for me is:
> 
> *    80% of the world's population lives in Asia
> *    they currently have 20% of the worlds phones
> *    given cellular you don't need power poles and twisted copper pairs
> any
> more.
> 
> Only hesitation is Telstra no doubt know this too and Aussie Govts never
> seem to mind being "stagged over".  Still.
> 
> I just hope you are right about the potential impacts of:
> 
> *    a reversed ECA,
> *    uncompetitive ACC
> *    increased taxes
> 
> and the like!
> 
> Dr Brent Wheeler
> Director
> Brent Wheeler & Co. Limited
> AUCKLAND
> 
> 
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