Forum Archive Index - January 2000

["hugh webber" <hugh.webber@clear.net.nz>]

um, I have to admit I am not a shareholder in ITC and am abysmally ignorant
about it. Could I therefore ask one or two questions of you aficionados so
I'm not quite so ignorant

(a) I understood, and I may be out of date here, that ITC was a venture
capital fund specialising in computer tech stocks. If this is so then that
doesn't look too hopeful, venture capital is pretty risky and usually takes
much longer to pay off than expected.

(b) what has it invested in? I saw it has just paid $1.6 million for an
outfit specialising in internet sports broadcasting - its good its only
$1.6 million as its easier to make a big % profit on all small amounts. But
once the America's Cup is over, which is what it has specialised in what
then?

(c) does it make a profit? if so what is it earnings per share?

(d) what is its net realisable value per share?

I could be an entusiastic investor if I got favourable answers...

I'm not so fussed about disclosure, I'm more interested in tangible facts.
Besides disclosure doesn't necessarily mean very much - in the tech area I
accidentally have 300 Spectrum (risible and not enough to influence me in
anything to do with Spectrum) but I have 10,000 Sausage Software which is a
little bit more substantial. So disclosure doesn't necessarily mean
anything and someone could have zero shares in say Spectrum and make all
sorts of denigrating comments and then buy when the price went down...n'est
ce pas?


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