Forum Archive Index - June 2000

["Ben Dutton" <bendutton@sharechat.co.nz>]

Yes it is strange that our tech sector hasn't improved in line with the
NASDAQ - I certainly was expecting better performances from ADV and ITC.
Sanity seems to have returned to the US market as well - the companies that
never came close to deserving their lofty valuations are now in many cases
trading below their cash asset value - check out this article from today's
Wired News for more info about that:

http://www.wired.com/news/business/0,1367,37111,00.html

There's been some discussion today about TEL.  I have to admit that even I
couldn't resist the current price and picked up a swag at $7.38.  TEL hasn't
been trading around these levels since October last year - it was also only
a couple of weeks ago that (and this is from memory - pls correct me if I'm
wrong) Goldman Sachs recommended it as one of the best telco BUY's in Asia.

Is TEL still one of your favourite shares, Hugh?

Best Regards,

Benjamin Dutton
(Disc. hold TEL, ITC)



----- Original Message -----
From: hugh webber <hugh.webber@clear.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Wednesday, June 21, 2000 6:00 PM
Subject: Re: [sharechat] ril visits colony for two weeks


> Boring. What's new - Roger Douglas devalued to about the present level in
> 1984.
> Been there done that. Actually we've just hosted a 3rd cousin from the UK
> who tells us how much better NZ is and is thinking about settling here
now.
>
> Lets stick to debating the NZ & Oz sharemarkets. Now the NASDAQ is back up
> over 4000 its time the Australasian techs started recovering.
> I wonder how big Pohokura really is and how much further FCL Energy will
> run
> given Shell's interest.
> And when SKY will be cut into the action of its ultimate shareholders and
> is the sky
> the limit for The Warehouse.
> If only I had some free funds to buy some more interesting NZ shares.
>
> cheers,
> Hugh
>
>
> --------------------------------------------------------------------------
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