Forum Archive Index - May 2000

["G Christie" <bayvu@ihug.co.nz>]

Advantage shareprice has been unfairly knocked down by falls in the Nasdaq, even though it's business is not related to pie-in-the-sky dot com junk.  AXA bought in at a good price, and we did too.Read today's Herald Business section. I bet Armstrong Jones will be back in soon too.They sold at a good price, but if you had your funds invested with them you'd want them to trade like that, wouldn't you? Cheers.  (Disc. hold ADV and just bought more today)

-----Original Message-----
From: nick <acummin@es.co.nz>
To: sharechat@sharechat.co.nz <sharechat@sharechat.co.nz>
Date: Friday, 26 May 2000 09:49
Subject: [sharechat] Advantage : Hold fire lads, not at bottom yet

       Advantage superficially look very tempting. However,

its highly likely that techs and stocks in general have further

to fall.  The nasdaq hasnt bottomed yet which means advantage

will probably fall too.

      The company still trades at a high p.e and its only proven

buisness is its eftpos terminals.  The jury is still out on flying

pig, with increasing competition in the region plus the

general pessimism over etailing.

       Advantage is a good company but with present world

uncertainty over e stocks and rising interest rates 2.50 looks

expensive even if it is down from 5.00.  By the time the

sell offs have finished many of these e stocks may be down by

as much as 80%.

      Axa jumping in at an average of 3.00 already looks pricy

and is a good reason to avoid managed funds with decisions like that

 

 nick