Forum Archive Index - February 2000

[richard hermans <r.m.hermans@xtra.co.nz>]

well said Bret  bye Margie

Brett & Leeanne Phillips wrote:
> 
> I have been very interested in reading comments today regarding Savoy. I
> think Osbert and Frank are definitely the Masters when it comes to
> portraying a sound knowledge and understanding of the NZ market( along with
> reading their crystal balls ) . I'm just a beginner who would like consider
> oneself in both the 'trading' and 'investing' camps. I generally look at a
> stock based on a medium term gain(if I'm fortunate), however I'm happy to
> take a short term gain if it is their for the taking. Lets be honest we are
> all in this game to make money as quickly and easily as possible and we all
> have our own views on how to achieve this.
> 
> With regards to my original post regarding Savoy and Safety Net, I was
> hoping for some additional information regarding the financial aspects of
> the announcement, along with some possible evidence of the likely hood of an
> Ericsson connection. My comment regarding a NZ Navy contract was second hand
> from a earlier chat forum (which I pointed out). If this persons comment was
> correct at least it shows sales potential in the right direction.
> 
> I have researched internet and media releases of late that have indicated
> 'Ericsson' is trying to build further profile in the Asian region and also
> from the Cnet web-site that they are one of the major players in wireless
> technology developments. I 'm looking forward to an up and coming
> announcement which may confirm the Savoy connection in NZ. However I hold
> grave concerns about the negativity some traders / investors have. They
> seemingly wish to keep the NZ. market under-achieving. If people are going
> to talk about using accounting fundamentals for investment gains, why is the
> NZSE 40 retracting? And if the traders have all the answers, how many saw
> the increase in Telsa on Tuesday?
> 
> I know from my own business experience that you need to combine fundamentals
> with risk to make a business grow. If I had followed an accountants advice
> 16 years ago and had not taken a risk I would still be working for someone
> else, earning less, with few lucrative prospects to look forward too.
> 
> Playing the sharemarket as an investor or a trader is similar, you have to
> take a calculated risk sometimes, but more importantly, as in any business
> you have to make things happen.
> 
> With Savoy I think we have exciting possibilities, rumour, speculation,
> diversification, possible growth in the technology arena, while the company
> maintains and develops it's core business, property. This all leads to lots
> of opinions being expressed, and everyone to their own.  I'm happy to stay
> in the Savoy camp at the moment, even at the risk of short term paper
> losses.
> 
> I hope all Savoy shareholders will be smiling in the near future and
> reinvesting their gains in other NZ Stocks.
> 
> Regards
> 
> Bret
> 
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