Forum Archive Index - February 2000

["Wedde, John" <john.wedde@cit.ac.nz>]

Hi Brett,
I agree with all you say and my holding in SVY is presently based on very
similar reasoning to yours.
But it would be really good to get some hard facts on Safety Net.
Cheers,
John



                -----Original Message-----
                From:   Brett & Leeanne Phillips
[mailto:bret-lil@ihug.co.nz]
                Sent:   Thursday, 17 February 2000 21:33
                To:     sharechat@sharechat.co.nz
                Subject:        Re: [sharechat] Savoy Safety Net

                I understand from some people in the technology industry
that while they
                have no financial details regarding Safety Net, the company
has a growing
                reputation and is very professional. I have also read in a
chat forum that
                they have recently secured some large contracts, apparently
one involves the
                NZ Navy. Does anyone have any other details.??? Also correct
my if you know
                otherwise, but doesn't Safety Net look like a NZ. version of
Chrome Global
                .?????

                While I have recently bought Savoy(purely on speculation
with the aim of a
                medium term profit of about 50%). My reasoning was based on
the fact that
                Savoy maintained their core business operations and then
diversified into
                the tech sector without huge cash outlay or by effecting
their property
                development operations in anyway. Now I confess I am
definitley no expert in
                these matters, however Savoy's approach makes more sense to
me than some of
                "back door "listings to the tech sector that some other
companies have taken
                in recent times.

                I was also encouraged that the Chairman and CEO have both
emphasized the
                Savoy is still investigating further technology investments
throughout the
                Asian region and they obviously have plenty of influential
contacts there.

                I'm sure some traders will think I'm dreaming, but I feel
purchasing Savoy
                at this stage, makes more sense than say buying Spectrum or
how about ITC
                about 18 months ago. And what about CAG in Aussie.!

                Todays closing price doesn't say much for my theories, but I
still suspect
                there is more to come from Savoy in the next month.

                Any comments or further info would be appreciated, happy
trading to all and
                keep your eyes on LKO in the next month.

                Regards

                Bret


        
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