Forum Archive Index - April 2000

["Osbert Sun" <osbert.sun@xtra.co.nz>]

With NASDAQ making a steady recovery, some of the local IT stocks will be again on the buying lists of many adventurous investors. Encouraging to see that ITC made a good recovery last Friday. For people who would like to have more choices, there are more bargain buying opportunities worth considering. Followings are some of my selections:

 

Heritage (HGD)

HGD has fallen disgracefully from high of 28c to the current trading price @10c since it announced its intention to buy and float E-cademy on NZSE. The shareholders meeting last week has cleared the way for the listing of E-cademy. Personally I like the future potential for E-cademy and believe that the sccess of E-cademy floating will benefit Heritage as a major shareholder. With the share price as low as it is, I believe that tthere has to be strong upside for this stock in near future.

 

Strathmore (SMR)

As a venture capital company similar to ITC, SMR has been sold down heavily as results of market corrections and the move by some earlier investor from exiting positions. However, at the current price of 35/36c, SMR has to be considered highly attractively priced in light of SMR's positioning in the international IT market and the backing of several high-profiled venture catalysts from overseas.

 

I also strongly support Frank's selection of FRO which in many aspects would make a winner in short to medium term.

 

Kind regards,

Osbert Sun

 

(Disclosure of interests: hold shares in HGD, SMR and FRO).

 

Disclaimer: The above views represent my personal opinion and could be considered biased in light of my holdings in these stocks. I would strongly suggest that anyone who looks for investing in these stocks should exercise his/her own judgement!