Forum Archive Index - March 2000

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

----- Original Message -----
From: John Stockley <HOMEWARE@xtra.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Tuesday, March 14, 2000 2:41 PM
Subject: Re: [sharechat] Walker Wireless


> A little bit of research today shows there are quite a few players in the
> Wireless Game.
>
> Safety net
> Walker Wireless
> Ihug
> Telecom / HP
> Telstra
> Formus Communications
> Clear
> Wireless Internet
> Lloyd Group
> Wireless Data Communications
>
> to name a few.
>
> Considering the capital costs would be quite low (leased
> equipment?),compared to wired forms, then I would think the "winners" will
> be the companies that  have the frequency spectrum tied up. ( please
correct
> me if I'm wrong), and therefore can expand their client base, on this
> increased available frequency.
>
> I  also note that LMDS  type services are not always reliable and can be
> affected by bad weather, atmospheric conditions  etc.
>
> Maybe  all of us can put our collective research together and find out
just
> what companies( listed ) are involved with wireless technology and pick
the
> winner.
>
>
>
>
> ----- Original Message -----
> From: Wedde, John <john.wedde@cit.ac.nz>
> To: <sharechat@sharechat.co.nz>
> Sent: Tuesday, March 14, 2000 9:36 AM
> Subject: RE: [sharechat] Walker Wireless
>
>
> > Good article on wireless in this morning's Herald. Mention of Wilson
> Neill,
> > Savoy [both with recent wireless investments] and Walker with a
"possible"
> > float coming up.
> > I hold Savoy shares.
> >
> > John Wedde BCA, MA, Senior Lecturer, Business Communication
> > Programme Leader, NZ Diploma in Business
> > Central Institute of Technology
> > Box 40 740 Upper Hutt, New Zealand
> > EMail: John.Wedde@cit.ac.nz <mailto:John.Wedde@cit.ac.nz>
> > Phone: 5276397 EXT. 6747 Mobile 025843729
> >
> > &&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
> >
> >          \\\ ///
> >          (O O)
> > ---ooO-(_)-Ooo---
> >
> >
> > &&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
> >
> >
> >
> > -----Original Message-----
> > From: Benjamin Reader [mailto:breader@clear.net.nz]
> > Sent: Monday, 13 March 2000 18:51
> > To: sharechat@sharechat.co.nz
> > Subject: [sharechat] Walker Wireless
> >
> > What is the website to Walker Wireless John?
> >
> > Ben
> >
> > ----- Original Message -----
> > From: Wedde, John <john.wedde@cit.ac.nz>
> > To: <sharechat@sharechat.co.nz>
> > Sent: Monday, March 13, 2000 11:52 AM
> > Subject: RE: [sharechat] Selecting Good Recovery Stocks on
> > the NZSE
> >
> >
> > > Enjoyed your posting Hugh.
> > > I did much the same exercise myself over the weekend and
> > interestingly
> > came
> > > up with many of the same conclusions as you.
> > > To your list of possibly overlooked shares however I'd
> > perhaps add a few
> > > more that, IMHO, are worth looking at:
> > > In the Agricultural sector, which seems to be recovering,
> > Reid Farmers
> > have
> > > great fundamentals [P/E  8.6;  Div Yield 6.6]
> > >
> > > The property sector has been hammered but the yields are
> > pretty good on
> > some
> > > of them - echo your sentiments on Capital Properties.
> > Southern Capital are
> > > also interesting with some very lateral  rural "lifestyle"
> > real estate
> > > developments, plus investments and connections with mussel
> > farming in
> > > Clifford Bay [the proposed new South Island ferry terminal
> > site], and a
> > > holding in, soon to be main board listed, Estar On Line.
> > Can Trans Tasman
> > > go any lower?
> > >
> > > Back to the agrarian sector, horticulture company Cedenco
> > is one I am
> > > kicking myself for not taking a stake in some months back.
> > Profits
> > improve,
> > > P/E is only 6.6; Div Yield 6.3 and price/nta only .62
> > >
> > > On the second board I like Wgtn Drive Technologies but
> > don't have any
> > "hard"
> > > fundamentals on them.
> > >
> > > I'm interested in rumours that Walker Wireless may list. I
> > was impressed
> > > with a visit to their web site last week.
> > >
> > > John Wedde BCA, MA, Senior Lecturer, Business
> > Communication
> > > Programme Leader, NZ Diploma in Business
> > > Central Institute of Technology
> > > Box 40 740 Upper Hutt, New Zealand
> > > EMail: John.Wedde@cit.ac.nz <mailto:John.Wedde@cit.ac.nz>
> > > Phone: 5276397 EXT. 6747 Mobile 025843729
> > >
> > > &&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
> > >
> > >          \\\ ///
> > >          (O O)
> > > ---ooO-(_)-Ooo---
> > >
> > >
> > > &&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
> > >
> > >
> > >
> > > -----Original Message-----
> > > From: hugh webber [mailto:hugh.webber@clear.net.nz]
> > > Sent: Saturday, 11 March 2000 09:18
> > > To: sharechat@sharechat.co.nz
> > > Subject: [sharechat] Selecting Good Recovery Stocks
> > > on the NZSE
> > >
> > > well folks I thought I'd make time to do something I
> > haven't
> > >
> > > previously got around to, an across the board look at NZSE
> > > stocks. Unfortunately Sharechat seems to spend 99% of its
> > > time discussing 5% of the stocks (is that too generous?)
> > and
> > > some of it is in terms of scuttlebutt - which I admit is
> > > interesting
> > > and sometimes useful when its correct but I'd hate to make
> > > decisions
> > > on the basis of that alone unsupported by facts. The vast
> > > majority
> > > of the NZSE stocks never get discussed at all. Sad but
> > true.
> > >
> > > Looking at the sharetable in The Press today I picked the
> > 40
> > > shares
> > > that are at or near their lows over the last year. I left
> > > out one or two
> > > complete losers, one or two which are essentially overseas
> > > stocks
> > > but I left in those about which I know nothing in the hope
> > > that others
> > > could supply comment. There are 148 shares in the table
> > and
> > > I would
> > > point out that I've left out the Unlisted Market (lack of
> > > quick easy data)
> > > and I think there are quite a few companies which don't
> > > operate even
> > > on the Unlisted Market but which you can buy by writing to
> > > the company
> > > secretary like Summerfruit Orchards. (no, I'm not
> > advocating
> > > Summerfruit
> > > its just an example).
> > >
> > > Air NZ A. Having a cash issue which Kiwis hate. Ansett I
> > > think is in strike
> > > problems. Buffett analyses airlines as commodity sellers
> > > (output only
> > > differentiated by price, no or low barriers to entry) and
> > > won't touch them.
> > > Air continues to get outmuscled by Qantas and Singapore
> > etc.
> > > Any cut
> > > price operator large or small can force big drops in
> > ticket
> > > prices. I
> > > wouldn't
> > > touch them these days.
> > >
> > > Arthur Barnett. Dunedin mostly, and Chch, just completing
> > > big building &
> > > revitalisation initiatives. Is down because of this work
> > in
> > > progress. Could
> > > be
> > > an interesting little flutter as it claws up again.
> > >
> > > BIL. Nuff said already I think. Until it gets rid of
> > Thistle
> > > Hotels (UK),
> > > Air NZ and
> > > Molokai Ranch any initiative it makes is totally lost in
> > the
> > > huge
> > > unproductive
> > > overhang of non performing assets. I prefer to be marked
> > by
> > > the markets on
> > > this one
> > > and yesterday the market said they were worth 36 cents
> > > compared to their yr
> > > low
> > > of 35 cents.
> > >
> > > Capital Properties. Best yield on the market I think. Due
> > > for a 57 cents
> > > call on 30
> > > June which is depressing the price. Good quality
> > government
> > > properties 99%
> > > tenanted in Wgtn. Recently took over Shortland Properties
> > in
> > > Auckland 90%
> > > tenanted. If you want yield/income that is probably
> > > sustainable this is it.
> > > (sorry,
> > > I'm bisassed, I've bought heaps incl chunks at 32/33
> > cents).
> > >
> > > CDL Hotels NZ. If they are still hotels then they have the
> > > hotel disease
> > > same as
> > > Thistle in the UK. Probably due to commodisation - any
> > > improvement and
> > > someone
> > > puts up new hotels and/or converts office blocks to
> > hotels.
> > > Things like
> > > Americas Cup
> > > only last small part of the yr even though they're high
> > > profile.
> > >
> > > CDL Investments. Don't know them, any comment?
> > >
> > > Designer Textiles. A sad case, I thought they were being
> > > taken over or
> > > going under but
> > > I haven't kept up with the play. Any comment?
> > >
> > > Evergreen Forests. Forests unfortunately are commodities
> > > altho they're on
> > > some sort
> > > of recovery at the mo. Evergreen has a tie up with one or
> > > two larger US
> > > investment outfits
> > > who have put money into it and it has been expanding over
> > > recent years
> > > quite strongly.
> > > Anyone know when they start cutting in a big way? could be
> > > interesting with
> > > a perfectly
> > > timed entry and exit.
> > >
> > > FCL Building. I suppose they are dragged down by the
> > > uncertainty of when
> > > the letter stocks
> > > will be untied. They have been recommended a lot at rather
> > > higher levels as
> > > a good bet to go
> > > with the NZ economy recovery.
> > >
> > > FCL Forests. Some comments from Evergreen and FCL Building
> > > apply. Anyone
> > > know when
> > > they start cutting in a big way? There was the comment
> > that
> > > they were
> > > actually the easiest
> > > of the letter stocks to extricate and we did have the
> > debate
> > > over debt
> > > levels which turned out to
> > > be reasonable. Interesting technology tie in with Genesis
> > > and smal
> > > investment in Genesis.
> > >
> > > Goodman Fielder. Essentially overseas now. Makes trendy
> > > comments about
> > > getting into Asia,
> > > management reorganisation, growth, but the data always
> > sadly
> > > lags the talk.
> > >
> > >
> > > Guinnees Peat. One of the few that has been discussed a
> > bit.
> > > Its not just
> > > Sir Ron Brierley but
> > > he has some other bright cookies on board such as Dr Gary
> > > Weiss
> > > (Disclosure: I used to play
> > > soccer with him at Uni.) 1% debt, net conservative asset
> > > values of over
> > > $2.00 a share vs market
> > > price of $1.40. Talk about throwing pearls before
> > > swine....esp given its
> > > track record and the increasing
> > > number of plays its in and succeeding at. Only the E-tech
> > > tulip mania could
> > > do this to it....
> > >
> > > Hallenstein Glasson. Good management, expanding soundly
> > into
> > > Australia via
> > > a successful beachhead
> > > in Melbourne. Sorted out its buying problems. Is
> > > occasionally recommended.
> > > Good track record of
> > > continuing steady growth and paying decent dividends. Good
> > > yield/income
> > > stock for the 20% of investors
> > > who usually get trampled on in sharechat.
> > >
> > > Hellaby. Has done some good things and is soundly
> > > managed,Tur Borren &.
> > > Probably suffers from being a conglomerate
> > > when sharp integrated focus is now the thing.
> > Unfortunately
> > > recalls Westmex
> > > and Russell Goward the hero
> > > from IEL who plunged into shoes in the Uk and sank without
> > > trace. I think
> > > people may be more excited when
> > > it exits Hannahs and finds some more trendy investments.
> > > Although boring
> > > investments which make lots of
> > > money are preferable.
> > >
> > > Infratil. I have a small holding but I must admit I
> > haven't
> > > kept up with
> > > the play and why they sank from $1.48 to
> > > $1.13 this year. Maybe something to do with Labour and its
> > > regulation
> > > plans? Very good management and track
> > > record. I'd be interested to hear what, if anything has
> > gone
> > > wrong or is it
> > > just missing the E and .dot. Maybe Infratil@tech would do
> > > the trick?
> > >
> > > Well, there's probably a limit on how much one posting
> > will
> > > take so I'm off
> > > with the dog and will do some more later.
> > > Wonder if there's any good investments in dogfood...
> > >
> > >
> > >
> > >
> > >
>
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Hmmmm very interesting!  Savoy would be one of the smallest players aswell,
they will need alot of capital ( from investers ) to make this a sucsses,
might just be another pipe dream. time will tell

thanks for the info cya


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