Forum Archive Index - January 2000

[Osbert Sun <osbert.sun@xtra.co.nz>]

Ben,

With so many small-cap companies jumping onto the fast train (IT technology) and
seeing their share prices mutiplied in short period of time, it would be hard
for the management of Savoy not to at least considering the same move. In this
technology-driven economy, it seems a smart way to pull money out of
non-performing businesses and invest in ones with fast growth potential, which
is obviously IT technology at present. Like you, I put my money where my mouth
is. Hope we will have an enjoyable journey with Savoy.

Regards
Osbert


Ben Dutton wrote:

> Osbert:
>
> An interesting comment from Savoy's managing director Kerry Haycock in The
> Press this morning that could well support your theory.
>
> "Savoy had decided it was better to get out of Dairy Brands now and look for
> other opportunities, Mr Haycock said".
>
> It'll be interesting to see what happens...
>
> Benjamin Dutton
>
> (I own shares in SVY).
>
> ----- Original Message -----
> From: Osbert Sun <osbert.sun@xtra.co.nz>
> To: sharechat <sharechat@sharechat.co.nz>
> Sent: Tuesday, January 18, 2000 11:06 AM
> Subject: [sharechat] Savoy
>
> > Savoy announced today that it has completed the sale of its
> > holding of 11,743,113 shares in DBNZ. The sale will realize
> > nearly $3 m in cash. I suspect that this might have something to
> > the recent remour that the company is in the process of a major
> > investment in wireless technology. Let's see what will happen
> > next.
> >
> > Osbert Sun
> >
> > (Disclosure of interests:  I have purchased SVY shares recently)
> >
> >
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