Forum Archive Index - March 2000

[mpbeatson@mailroom.com]

They say you can't lead a horse to water.....and was it Terry Hall of
the Sunday Star Times who said last weekend that Kiwi investors won't
believe it (i.e. sale of a stake in AirNZ) until they see it. 
This is not a punt,it is a foregone conclusion that a sale will happen
(to whomever)as Brett Phillips correctly pointed out last night.

Here's a simple analogy.

AOL is interested in buying a 25% stake in Solution 6 which has just
completed purchase of the remaining 50% of Telemedia that it didn't
own. 

Yahoo, realising it might be losing ground in the Australasia region,
decides to make a similar offer for Solution 6. 

Solution 6, still caught up in the throes of buying up Telemedia,
decides for some "time out" to assess the bids of the potential buyers.


Solution 6 shares are currently trading at A$12.50 but Merrill Lynch
have stated that the true value of the stock is A$18.25.

Questions to ask yourself:
1. If you had Solution 6 shares, would you ditch your shares and sell?

2. If you did not have Solution 6 shares and had spare cash to invest,
would you go out and buy some?

Happy investing today,

Murray Beatson




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