Forum Archive Index - May 2000

["vincent.wang" <vincent.wang@xtra.co.nz>]

Tonight, TV3 news mentioned that Telecom is not ruling out the possibility of moving its headquarter to Australia.  If Telecom did move to Australia, then this would be the biggest blow to NZSE since 1987 stock crash.

 

We can imagine the following scenarios:

 

1. business confidence would drop to its lowest level;

 

2. more offshore investors dump their NZ shares;

 

3. office properties value plummets;

 

4. hundreds employee of Telecom would be released;

 

5. local investors, both individual and institution, would dump their Telecom shares just like they did to Nufarm and Brieley;

 

6. more companies would follow suit and above scenario would be repeated;

 

I am so surprised that Labour coalition government is so determined to bring the country to a doomed to be failed socialist country. But they have closed their eyes and ears and pretend nothing has gone wrong.  It is pathetic!

 

RGDS,

 

Vincent Wang