Forum Archive Index - April 2000

["Brian Gale" <xtr125689@xtra.co.nz>]

A word of thanks Derek for your timely advice - your crystal ball must be
well polished.  Also Osbert seems to be a fan of FFS.  I got out of my
miserable SKCCA at considerable loss and took up on FFS not quite early
enough but nevertheless now recovering some of my loss (on paper anyway). 3
cheers to you.

BG

----- Original Message -----
From: Derek Watt <dkw@paradise.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Saturday, March 18, 2000 9:22 PM
Subject: Re: [sharechat] Sky City


> One possibility is that many shareholders like yourself are reluctant
> to spend more money on Sky city, particularly with a falling share
> price. One option is to sell enough shares to pay for the call for
> the remaining shares, if everyone did this, or just sold the lot then
> the share price fall is inevitable.
>
> I had a brief look at the offering by BRY, thoughts at the time similar
> to Marks. I thought BRY did well getting as much for their 65% as they
did.
>
> On the other hand many shares have fallen in the past 6 months, so
> maybe part or all of the fall is just due to a depressed market.
>
> My recommendation, if your sick of them then sell and buy FFS at ca 54c or
> something similar. Some others on sharechat wouldn't recommend selling
shares
> when they appear historically cheap though.
>
> Derek W
>
> (disclaimer: These are my thoughts, I'm not a professional investor
though.
> I don't own sky city, I don't own Bry anymore, I own FFS)
>
> At 01:49 PM 3/17/00 +1300, you wrote:
> >   Could someone tell me why Sky City shares have plunged by  $1.40 in
the
> >last six months when all the apparent indicators show steadily  improving
> >profits ???   I am sitting on SKCCA and am reluctant to get in deeper -
the
> > call is due next month.   Comments would be appreciated   Brian G.
>
> -----------------------------------
> Derek Watt
> http://members.tripod.com/DKWatt/
> -----------------------------------
>
>
>
>
> --------------------------------------------------------------------------
--
> 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.