Forum Archive Index - April 2000

[Derek Watt <dkw@paradise.net.nz>]

Glad that I was a help Brian, 
Cheers,
Derek


At 07:41 PM 4/7/00 +1200, you wrote:
>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/
>> -----------------------------------
>>
>>
>>
>>
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>investors
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>
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>

-----------------------------------
Derek Watt
http://members.tripod.com/DKWatt/
-----------------------------------




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