Forum Archive Index - April 2000

["vincent.wang" <vincent.wang@xtra.co.nz>]

We all know BRY is quite a boring stock.  Its share price has plummeted from over $7 to as low as $.30.  Many shareholders have incurred substantial losses.

 

But after reading all the news regarding BRY in the past few months, I am envisage to see a transformation of BRY in next 1-2 years.

 

The facts:

 

* BRY is selling its 25% Air N.Z. B stocks to Singapore Airline.

* BRY is tipped to sell its James Hardie and Thistle Hotels holdings.

* BRY has said it would invest in technology sector a few months ago.

* BRY has hired Greg Terry as its M.D  Greg has rich investment experience in Asia

* BRY has moved its headquarter to Singapore 

*BRY's cornerstone shareholder Camelon has been successful on technology investment in Asia

* Camelon recently increased its shareholdings in BRY

 

If we put all above news together, it tells us BRY is exiting from all its traditional investments and looking for 1-2 big investments into technology sector in Asia.

 

I think Selwyn Cusing's role as Chairman is only temporary.  He will leave BRY after the transformation period is over.  His position would be replaced by either Tan or Wong.

 

If the above mentioned scenario becomes true, then I would believe BRY is a good investment arm for those investors seeking technology investment in Asia.  You are paying 37-38 cents to get a 75-80cents investment.  ( BRY's NTA of 75-80cents would become hard cash after it sold its all traditional investments)

 

Why punt on those risky, highly priced IPO of e-commerce or dot.com stocks?  BRY is a better bet.

 

RGDS,

 

Vincent Wang

 

ps. who knows exactly what the NTA for BRY is/

      who would buy Air NZ A stocks if BRY is selling them?