Forum Archive Index - May 2000

["hugh webber" <hugh.webber@clear.net.nz>]

Very hard to see how Access Brokerage arrives at that figure given SPE's
history ....where they were suspended from trading because they couldn't
afford the listing fee...then some party lent them the money in order to 
restore their listing so they could do some tech floating....I wonder if
Access
knows the full story and has factored in all debts incl to related parties 
and contingent. I would be rather hesitant to rely on Access NTA's
particularly
for dodgy companies - remember they were quoting AQL's NTA as plus 9 cents
earlier this year until the AQL report came out giving about 4 cps and god
knows
what it is now after the latest bout of AQL fun and games. Then I saw SVY
is minus
17 cps somewhere - I wonder what Access quotes them at.

Disclosure: I'm a small SPE shareholder for historical reasons and I keep
them
on for the amusement provided. Might be more enthusiastic if John Carr
vanished
off the scene.

cheers,
Hugh 

----------
> From: Derek Watt <dkw@paradise.net.nz>
> To: sharechat@sharechat.co.nz
> Subject: Re: [sharechat] SEU - Some Facts -SPE
> Date: Saturday, 20 May 2000 8:19
> 
> >...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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