Forum Archive Index - May 2000

[Derek Watt <dkw@paradise.net.nz>]

>...want to invest in a cash shell, you would be far better of with SEU which
>..sells at a discount to N.T.A. and has a proven track record, compared to
the
>...likes of AQL and SPE which have a dubious records and sell at many times
>...N.T.A. backing.


You may be better off with SEU, but it doesn't appear that SPE is
trading at many times the NTA backing. According to Access Brokerage
The NTA is 7.4 c per share, so 10.6 cents doesn't seem to be an
exorbitant price.

Interesting to speculate if it was Sarahs' comments that resulted in
a 1 c drop yesterday. Just wandering, if SPE management is that bad, then why
has WEL put so much faith in them? Also if the source code deal goes ahead 
there could still be more positve news for SPE in the short term.

Derek

(own SPE, bought 9c, plan to exit 14c or 10c, whichever comes first)




-----------------------------------
Derek Watt 
http://www.blackrobin.com
-----------------------------------




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