Forum Archive Index - February 2000

["hyperion" <hyperion@ihug.co.nz>]

Hi,

Seeing you mentiond the company spectrum as a possible comparasion to Savoy
you would not happen to know the reason behind the resent fall in there
share price,  I am now wishing I had sold and not hung on in the hope of
further growth.   Were they a short term buy or is there still growth to be
gained, shedding light on this issue would be much appreciated :)

Yours Faithfully
Graham
----- 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.
>
> 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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