Forum Archive Index - January 2000

["Mike Hudson" <mikehudson@clear.net.nz>]

Agreed this is a risky business and ITC along with most of the tech stocks
is way overvalued on any sort of funamentals you can name. However out of
the hundreds (probably by now thousands) of internet stocks ,e-tailers .coms
and other tech type hopefuls out there most of which will have sunk without
trace in a year or so there lurks the next Microsoft or Cisco. You pays your
money and you takes your choice. At least ITC intends to have a portfolio of
investments and one of them could be a winner.

As far as Virtual Spectator is concerned it is a great piece of software, I
have a copy myself and am amazed at its sophistication. But as others point
out what else can it do apart from covering yachting which is very much a
minority sport. In fact unless things have changed in the last few days it
will be useless after America One thumps Prada as in the Louis Vuitton final
as VS does not have the rights to cover the Americas Cup.
I do know that the other NZ shareholders were pleased to get their profit
out by selling to ITC.

Cheers
Mike H






-----Original Message-----
From: hugh webber <hugh.webber@clear.net.nz>
To: sharechat@sharechat.co.nz <sharechat@sharechat.co.nz>
Date: Monday, 17 January 2000 6:21 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(a) I understood, and I may be out of date here, that ITC was a venture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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