Forum Archive Index - January 2000

["Ben Dutton" <bendutton@sharechat.co.nz>]

Hugh,

Check out the "Share of the Week" feature for info on IT Capital and their
investments to date.

Sorry but don't have a copy of their half yearly report handy to answer your
other questions.  Can anyone else on the forum help Hugh out?

Thanks

Benjamin Dutton
(I have shares in ITC)

P.S.  Their investment in Virtual Spectator isn't mentioned in the report,
but FYI, the Virtual Spectator software isn't just limited to the America's
Cup and I believe that there has been interest from other sporting events to
use the software.

----- Original Message -----
From: hugh webber <hugh.webber@clear.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Monday, January 17, 2000 6:26 PM
Subject: Re: [sharechat] Re: ITC - Ben Dutton Comment


> 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 (a) I understood, and I may be out of date here, that ITC was a venture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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