Forum Archive Index - February 2000

[kevin.young@gfmb.co.nz]

Savoy is a highly speculative investment. The acquisition into Safety Net was a
small acqusition (around $500k) but a necessary one to boost its share price.
Savoy is in a cash strapped situation and cashflow remains very tight. The
investments into Safety Net will require on going cashflow which Savoy may have
difficulty meeting.

Savoy is always a traders stock where you "buy the rumour and sell the fact".
Savoy is too risky for any serious investment.
I would not be holding or buying any SVY at the moment. I know that there will
be some more positive news to come out of Safety Net and SVY share price will
again rise on a "rumour". I will be buying on the rumour and selling on the day
of the new release no matter what the price is.

Kevin


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