Forum Archive Index - October 1999
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Re: [sharechat] TELCA - Warburg Telecom
Hi Joe,
TELCA shares are Telecom shares, but paid in 2 instalments. If you pay the
final instalments on Sept 2000, it will become a full ordinary shares.
TELCA has the benefit of earning a full Telecom dividend from the current
market price of $3.55 (not even half the price of Telecom ordinary shares
currently at $7.85).
Any opinion about TELSA warrants? We won't receive any Telecom dividend from
this, but it sounds very cheap at 14 cents!
Rini
-----Original Message-----
From: Joe Spooner <joespooner@hotmail.com>
To: sharechat@sharechat.co.nz <sharechat@sharechat.co.nz>
Date: Thursday, 28 October 1999 11:13
Subject: Re: [sharechat] TELCA - Warburg Telecom
>Thanks very much Shamin. I noticed that there was a large spread on bid -
>offer prices. They look like a good buy though.
>
>Joe
>
>
>>From: "Shakur, Shamim" <S.Shakur@massey.ac.nz>
>>Reply-To: sharechat@sharechat.co.nz
>>To: "'sharechat@sharechat.co.nz'" <sharechat@sharechat.co.nz>
>>Subject: [sharechat] TELCA - Warburg Telecom
>>Date: Thu, 28 Oct 1999 09:54:36 +1300
>>
>>
>>TELCA represent Warburg Dillon Read Installment Receipts over TELECOM
>>ordinary shares.
>>
>>The final installment payable is NZ$4.70 and is due on 01/09/2000.
>>
>>TELCA provide good leverage opportunity over its head share, but the
market
>>is rather thin on these Installment Receipts and the bid offer spread is
>>usually wide- something to consider before putting money in!
>>
>>Cheers
>>
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>
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