Forum Archive Index - May 2000

["nick" <acummin@es.co.nz>]

             I think it would be good for us if they did go.
It would almost certainly bring about an amalgamation of the NZ and
australian sharemarkets, we may be heading that way soon anyway i hope.
           As for telecom  they have behaved like a bunch of rats.  When
they were privatised they laid off many staff and have perhaps deliberatly
let
maintainance standards, service etc drop.  Years of neglect are starting
show through
, whats telecoms response? to up and run thats what.
               Sure they are now in a difficult position, all sorts of
terriors are now snapping
at their heels, they are in danger of being overwhelmed by competition from
all sides, the telecommunications sector is like some kind of gold rush and
they all want a slice of telecoms action.
       Telecom may have some justifyable grieviences over the kiwi share,
the
competition may just want the profitable bits and ignore the rural areas etc
but that exactly what telecom have been doing for years .
         Is the telecom shareprice cheap at 7.80?  I wouldnt
touch them with a barge pole, good riddence to them i say

             nick




> 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:

>    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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