Forum Archive Index - January 2000

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

> 
> BRY bashers , but don't  lose fact of fundamentals  of business &
> investments .
>
Yes, always good to bear this in mind.
>
> Bry is a totally new fish
>
I disagree.   You take a fish, you move it to a new pond, you still 
have the same fish.
>
> in a totally new pond,
>
Singapore is a low interest rate environment where companies funding 
their debt by paying 8-10% junk bonds may well be regarded with 
suspicion, I might have thought.   I think BRY will have to earn a 
reputation in Asia.   Their major private shareholder is the Camerlin 
Group which has been under pressure since the Asian crisis due to 
their high debt levels.   I notice the Singapore government (also a 
significant shareholder in Brierley) has this year increased it's 
stake in Camerlin, so the Singapore government may yet save the day..

I notice that the Brierley website is now shut down and the mooted 3c 
dividend to be declared before Christmas didn't happen.     Was there 
any announcements made to the market about these events?   The market 
tends to punish companies that don't keep it fully informed.
>
>  asset backing (nta) 80-90c   trading on a
> lethargic NZ Stockmarket  @ 40c .
>
> shifting to Asia where hardly any shares trade below asset backing .
>
Provided you can figure out what the asset backing is.   Remember the 
Asian crisis?
>
> I will  regard it as a buy 
> 
Have you started buying?  If not when will you start? SNOOPY

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