Forum Archive Index - March 2000

["Ben Dutton" <bendutton@sharechat.co.nz>]

> >Why is ITC no longer rave of the week?

Narena,

I think that ITC has floundered over the past month because of a lack of new
investments.

The last announcement that the company made was on February 14th, and this
was only with regards to an extra monetary investment in exo-net.

ITC do have an attractive portfolio, but they are a Venture Capital company,
and I believe that for investor interest to once again be stimulated in ITC,
they have to announce their next move.

Incidentally, latest cover story of Forbes Global is called "Financing
Dreams, Venture Capital Booms Worldwide".  Check it out at
http://www.forbes.com/

Best Regards,

Benjamin Dutton
(Hold shares in ITC).


>
>
> In reply Narena.  The book-talk, hype, rave over ITC is ususally on the
> back of more of the same PR machine regurgitation.  The Herald has been
> critical of ITC saying their announcements were "short on detail".
> Eventually the media get wise and decide that in this case ITC have had
> enough hours in the sun and other companies are more deserving of the
> column centimetres.
>
> Yesterday ITC hit 61c and it would not surprise me to see trades in the
> middle 50s soon.  I have watched and contemplated this stock for 2
> months.  3 weeks ago I thought seriously about it but hit Solution 6
> instead and am plus 75% happier for it.
>
> Until they reveal some detailed figures on their investments in VS and
> the like, to me they are just another 'lotto stock'.
>
> All that aside I view VS as top software in it's field with great upside,
> but the ITC rhetoric is showing empty for many people and they are
> hitting their sell buttons.
>
>
> Chris
>
>
>
> --------------------------------------------------------------------------
--
> http://www.sharechat.co.nz/          New Zealand's home for market
investors
> To remove yourself from this list, please us the form at
> http://www.sharechat.co.nz/forum.html.
>


----------------------------------------------------------------------------
http://www.sharechat.co.nz/          New Zealand's home for market investors
To remove yourself from this list, please us the form at
http://www.sharechat.co.nz/forum.html.