Forum Archive Index - May 2000

[Chris <cd@ak.planet.gen.nz>]

John, 
That is definitely clutching at straws.  The market for ITC is ruled by 
NZSE pricing and will be for a long time.  The US volume you quote is a 
pathetic NZ$25,000 worth.  Only half a decent car worth!  Posts to this 
forum refering to US price of ITC have been quite amusing to monitor.  
For a while there we had the book being talked by a couple of US based 
lads waving the ITC flag adnauseam.  They quoted 'all the talk on Raging 
Bull....' and 'we've got a special site set up for the big number of US 
ITC fans'.  BOLLOCKS.  

The bottom line is, ITC is an extremely small company based in little old 
NZ.  It apparently has some very innovative products that may or may not 
realise discussed growth potential.  The share price is continuing to get 
trounced with little sign of support.  Supposedly the NTA is about 14c 
but realistically the DCF is closer to zero.

How it is valued, rightly or wrongly, will happen in one place only, on 
the NZSE Monday to Friday between 9.30 and 3.30.  

In the high teens it is probably worth a punt but it appears to be dying 
desperate for good(real) news.

Chris
cd@pl.net         


>Trading yesterday in USA at 15cents [US]. Volume of  90,000. That's
>connsiderably up on NZ price.
>
>
>
>               -----Original Message-----
>               From:   Mike Nelson [mailto:bb2345@ihug.co.nz]
>               Sent:   Tuesday, 16 May 2000 13:15
>               To:     sharechat@sharechat.co.nz
>               Subject:        Re: [sharechat] Need ITC information
>
>               All the talk and reports you read say it's going places. The
>only place it
>               isn't hot is the share price which is virtually (no pun
>intended)
>               collapsing. Today for instance opened at .24 now down to .21
>?????
>
>               MN
>
>
>               At 12:00 PM 16-05-00 +1200, you wrote:
>               >Ive been watching ITC over the last few weeks and wanting
>to know their
>               >current situation. Also why their share price has dropped.
>Is it a good
>               >time to buy or isn't it. Any information would be
>appreciated.
>               >
>               >Cheers, Daniel

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