Forum Archive Index - May 2000

["Geoff Ewert" <gewert@wai.quik.co.nz>]

I think it,s great that we can have these hugely differing views from
valuable contributors.
----- Original Message -----
From: "Mike Nelson" <bb2345@ihug.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Tuesday, May 30, 2000 11:37 AM
Subject: Re: [sharechat] Telecom


> 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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