Forum Archive Index - May 2000

[Mike Nelson <bb2345@ihug.co.nz>]

Nick,

You sound awfully like an Alliance voter.

MN


At 11:04 AM 30-05-00 +1200, you wrote:
>             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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>
>
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