Forum Archive Index - May 2000

[chris <CMR64@student.canterbury.ac.nz>]

If this proves true, then even the most pessimistic person to guess the
date for the nzse to hit 2200 will be early by a decade or so :)

Seriously, if 28% of our market decided the grass was greener over the
tasman, a massive amount of money would follow, and I doubt the nzse
would ever really recover.  Gone would be the main point of interest for
foreign investors, and it is well known that nzers arent good enough
savers to pick up the tab ourselves.


vincent wang wrote:

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

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