Forum Archive Index - October 2000

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

I think you're are going to be hard pressed to get some enthusiasm up over BRY, Roy :)

 

It may have given you more trading profits than any other share, but to many New Zealanders it is a living example of how a company destroys shareholder wealth.

 

Let's take a quick look at their recent "ventures".  The much-hyped "tech @ BIL".  What has happened to this?  Launched on March 9th 2000, I haven't heard about one investment that this new division has made.

 

The "Asia Recovery Fund?"  Supposedly launched April 1999, and then "restructured" June this year.  Haven't heard much from this Fund as well, except that they have made "initial investments in undervalued Asian hydrocarbon assets." 

 

BRY have a lot to prove before many investors return.  Still though, as you say, it may have bottomed out again and could be a good trade :) 

 

Best Regards

 

Benjamin Dutton

(Disc. Do not hold BRY)

 

----- Original Message -----

From: Roy

To: sharechat@sharechat.co.nz

Sent: Tuesday, October 03, 2000 9:52 AM

Subject: [sharechat] Moving on CEN,BRY

The CEN blip has finished.

I wonder what is next?

The sun is out and I am feeling positive again.

Looking at my old favorite BRY.

This share has given me more trading profits over the last 20 years than any other...

Consider:

- Their recent blip has finished

- NZ briefing at end of October

- Converting shares to US dollars

- Consolidating shares 2 for 1

- Will be due for some "promotion" activity to Asian & US investors.

- Reasonable volumes still being traded on NZSE

- Last blip was more than 10%!

What say you?

"I Trade therefore I am"
Zen Trader philosophy

Roy