----- Original Message -----
Sent: Saturday, March 25, 2000 2:27
PM
Subject: [sharechat] Brierley
Investments
Does anyone have any reasons why Brierley
Investment are going so well?
About time they went like
this, yet they still have a long way to go to get back to $1.20
James B
(I have both Brierley and Air NZ
A)
James, BRY has certainly made a strong break through 40c
()a major resistance this is good news. Maybe investors are accepting
the new broom (Mr. Terry). He has the credentials to turn the lumbering giant
around and a re rating is overdue.
Media reports don't look all that promising for a AIRNZ and
Singapore Airline deal.
Virgin have committed to purchase a new fleet of planes for
AU opperation. Commentators believe this will please Singapore Airline
as well as giving Virgin the most modern fleet in AU which will go down well
with the traveling public.
Also someone made the comment recently that a sell down of
BRY Thistle holding is a high possibility, if this is true, BRY share price
should get much closer to it's NTA.
So all in all their is still a lot of water to go under the
bridge but 50 to 55c would be a realistic place for the BRY share price to
settle. (Time will tell for shaw)
Regards Les.
See IRG research reports
