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Re: [sharechat] 4i Index

From:	"Adam Rands" <adam@iguana.co.nz>
Date:	Tue, 8 Aug 2000 18:25:18 +1000

Robert

It was not easy coming up with the constituent list for 4i especially given
many of our "IT companies" have a history in the mining sector (and still
retain interests) or have been back door listings

The decision to include or exclude companies is not a "hard science". As
managers of the index it was up to us to make a judgement call on some
stocks.

The rule "Companies considered for inclusion in 4i must derive (or expect to
derive) the majority of their revenue from Internet or Information
Technology related business activity. "  we believe covers Baycorps
inclusion.

As for IndraNet....

We too were surprised at its reported market capitalisation however we can
only go on the information supplied. Russell Fitts (Indranets MD) informed
4i that they have 37,701,254 shares on issue. (this was supported by BK
registries)

On today's closing price of $4.07 this gives them a market cap of 153mil and
a 10.1% weighting in 4i

<blatant promotion>

As for the 4i index itself. We have had an amazing response to the service
from both private investors and the listed companies.

The index is off about 5 points today (closing at 957) after the a very good
run over the last 6 days (put on over 60 points).

I don't think it will be long until we see the index crack through the 1000
mark and be back above its base value (Jan 1, 2000)

More details at http://4i.co.nz

</blatant promotion>

Cheers

Adam Rands
Iguana


-----Original Message-----
From: Robert Cox <robert_cox@icanz.co.nz>
To: 'sharechat@sharechat.co.nz' <sharechat@sharechat.co.nz>
Date: Tuesday, August 08, 2000 5:51 PM
Subject: RE: [sharechat] 4i Index


>Index is a great idea.  Two things that surprised me are:
>1) Does Baycorp really meet the criteria of "the majority of their revenue
>from Internet or Information Technology related business activity. "
>2)  Indranet on unlisted securities market making up 10% of the index and
>apparently having a market capitalisation of  $153 million.
>
>Regards
>Robert Cox
>
>
>IMPORTANT: The information contained in this Email message may be legally
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>recipient named in the Email message.  If the reader of this Email message
>is not the intended recipient, any use, copying or distribution of this
>Email message is prohibited.  If you have received this Email message in
>error, please notify me immediately (call me collect). Thank you
>
>> -----Original Message-----
>> From: Ben Dutton [SMTP:bendutton@sharechat.co.nz]
>> Sent: Tuesday, August 08, 2000 3:46 PM
>> To: sharechat@sharechat.co.nz
>> Subject: [sharechat] 4i Index
>>
>> Some of you may know that "4i", New Zealand's first independent IT stock
>> index was launched today.
>>
>> Check out the site at
>>
>> http://4i.co.nz/
>>
>> I'd be interested in hearing everyone's view on the index.  Personally, I
>> think it's a great idea and will be following it closely.
>>
>> Best Regards,
>>
>> Benjamin Dutton
>>
>>
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