Forum Archive Index - September 2000

["graham perkins" <f_uker@hotmail.com>]

Andrew Logical,

SPE are definatly a speculative stock with there anuual report due late sep 
early oct now is the time to speculate.

If PV2 has been as successful as Rob Levison claimed it was on the live Q&A 
session a month or so ago then there will be some promissing figures.
I wouldn't put all my eggs in the SPE basket but at .05c a .01c increase is 
a nice gain.

Cheers

disc:holding SPE


>From: Andrew Logical <nlogical@yahoo.com.au>
>Reply-To: sharechat@sharechat.co.nz
>To: sharechat@sharechat.co.nz
>Subject: [sharechat] spe a good buy?
>Date: Sun, 10 Sep 2000 08:25:21 +1100 (EST)
>
>I don't think so.
>
>Contrary to what many people think, Lucent have NOT
>taken a 20% stake in WEL.  They have an OPTION to take
>a 20% stake.  Why an option? - because it was the most
>Spectrum could pursuade them to take.  If Lucent had
>been keen they would have taken the stake itself.
>SPE, for street cred., would have fallen over
>themselves to give them a stake.
>
>Look at all the buying that went on prior to
>Spectrum's August 16th hyped announcement that Lucent
>had an option.  (Successfully hyped - look at chat
>sites to see how some people think Lucent now has a
>stake in WEL.) Very suspicious.
>
>On the plus side for Spectrum, they have retained
>WEL's CEO as Spectrum CEO.  But Spectrum's new
>directors don't exactly inspire e-savvy confidence -
>previous directorships in steel and tube, elder-care,
>metlifecare etc.  Not exactly high tech.  It beats me
>how this bunch are best placed to provide Spectrum
>with "the business expertise to grow their business,
>especially into overseas markets."  Directors with a
>greater appreciation of high tech and software
>development etc overseas would have been valuable but
>are absent.
>
>Does Spectrum have any future direction?  First they
>wanted $10m in a rights issue.  Then it was $4m, which
>they now have.  What are they doing with it?  WEL
>seemed to be running along quite happily without
>Spectrum's directors.  I guess a chuck of that $4m is
>needed just to pay the directors fees.
>
>Sorry for the sceptisism but, in the share buying
>game, I've found it to be just about the only
>effective weapon I have.
>
>
>
>
>
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