Forum Archive Index - February 2000

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

Brett,

I think that most investors have been holding back on Savoy for lack of
detailed information with regard to its proposed purchase of Safety Net, and
the relatively small weighting of the investment in the group. Neverthless,
I believe there is potential for the expansion of Safety Net in time to
come, and a positive conclusion of the "on-going discussion" with Ericsson
will no doubt add a great value to Savoy's investment in the wireless
telecommunication. However, like John Wedde, it would certainly help if the
background information is available to the public. I visited the web site of
Safety Net yesterday. I must admit that I was a little taken back by lack of
the company profile on the site.

My confidence remains with Savoy's move in the wireless telecommunication.
And I personally believe that Savoy is committed to expand its investment in
the sector. We shall expect a major adjustment of Savoy's investment
portfolio in near future.

Regards,

Osbert Sun


----- Original Message -----
From: "Brett & Leeanne Phillips" <bret-lil@ihug.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Thursday, February 17, 2000 9:32 PM
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.



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