----- Original Message -----
Sent: Sunday, April 23, 2000 4:34
PM
Subject: [sharechat] BRY
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?
See IRG research reports
