Forum Archive Index - April 2000

["Chong Family" <jka.chong@xtra.co.nz>]

I was too looking at getting some of E-Ventures shares. However I changed my mind not to when I read their prospectus.

It is another pure 'dot com' play, not much revenue prospect and the issue price is overpriced. I was at the beginning attracted by its main shareholders: Softbank, News Corp's E-Partner, Telecom, Craig Heatley and Warehouse. But looking at the performance of Softbank's portfolio companies, I have no confidence in E-Venture at all. In fact, in the Nasdaq, 95 of 138 IPOs listed during this quarter fell below its issue price, so how would you think that a pure dot com like E-Venture would get to. It's only portfolio company at the moment is E-Loan and would be launched in NZ soon. Just a question: How many of us use the internet to buy stuff, let alone borrow money? What I think is that their intention of launching Softbank's portfolio companies in NZ would not work as it did in the US. It is just my personal comments , sorry if I have insulted anyone.