Forum Archive Index - March 2000

[David Iles <davidi@wave.co.nz>]

Callum

I continue to be amazed at the continuing fall in price of TTP. Asset
backing is over 3 times current share price.

Not paying a dividend due to loss after property writedowns has probably
caused latest price fall to 21c. Cash flow would have allowed payment of a
dividend if they had wished.

Current management is very much in the camp of majority HK based shareholder
SEA and I have this real feeling that its all part of a plot to get the
share price real low and then make a takeover bid for the company.

I'd love to go to the agm in Auckland and ask a few questions but won't be
able to. If anyone is going please let me know.

David
----- Original Message -----
From: callum gordon <callum_g@hotmail.com>
To: <sharechat@sharechat.co.nz>
Sent: Thursday, March 09, 2000 2:19 PM
Subject: [sharechat] ttp


> Hello,
>
> Does anyone have an opinion on the current price of TTP? or the property
> market in general?
>
> Regards,
>
> Callum
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