Forum Archive Index - October 2000

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

I'll let others tackle your question Heather but will say that it's interesting to see the below SSH notice today - "Brandes Investment Partners L.P", a U.S. funds management company, must regard the current price as cheap - they've just increased their stake on the open market.

 

Share price has reacted quite nicely as well - up to $5.94 at the moment (hit a low of $5.70 this morning)

 

Best Regards

 

Benjamin Dutton

(Do not hold TEL)

 

TEL
03/10/2000
SSH
 
REL: 1259 HRS Telecom Corporation of New Zealand Limited (NS)
 
SSH: TEL: SSH NOTICE RECEIVED
 
          NOTICE 6681 DETAILS
 
Submitted Date        : 03-Oct-2000 12:56
Status                : Accepted
 
  Add Holder          : N  Change Holder       : Y
  Ceased Holder       : N  Change Nature       : N
 
Issuer Code           : TEL Telecom Corporation of New Zealand Limited (NS)
Sub. Sec. Holder      : Brandes Investment Partners LP
 
Address               : 11988 El Camino Real
                      : Suite 500
                      : San Diego
City                  : CA 92130
Country               : United States
 
Contact Name          : Ian Rose
Phone                 : 858 755 0239  ext 3251
 
Total of Interest     : 152679847
Total Issued          : 1752802000
Total %               : 8.7
 
Class                 : TEL
Votes Attached        : 1
 
Beneficial
   Total of Interest  :
   Current % held     :
   Last % held        :
 
Non Beneficial
   Total of Interest  : 152679847
   Current % held     : 8.7
   Last % held        : 7.6
   Names              : Brandes Investment Partners L.P
   Provisions         : 5F
   Transaction dates  : 21/09/2000
   Total Votes        : 152679847
   Considerations     : 1525307398
 
Description           :
   Acquired shares in open market for managed client accounts
   Consideration: Because Telecom New Zealand stock was purchased in various
   lots, listed consideration is based on average purchase price and exchange
   rate of NZ$2.4540 per US$1.00
Documentation
   With Notice        : No
   Not Filed          : No
   Been Filed         : No
Number of pages       : 1
 
Date of Last Notice   : 08-Apr-2000
Rel. Sec. Holders     :
 
Submitted By          : Ian Rose on 03-Oct-2000 at 12:56
End CA:00060157 For:TEL    Type:SSH        Time:2000-10-03:12:59:24 Encrypt:Y

 

 

 

 

 

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

From: Heather Reiss

To: sharechat@sharechat.co.nz

Sent: Tuesday, October 03, 2000 2:28 PM

Subject: [sharechat] Wringing Telecom

Telecom shares have become a lesson in patience for me. Besides the obvious (ie company moving from yield to growth and investor doubts about teleco stocks), does anyone have any intelligent and or intuitive views on 1.) the continual downward movement of these shares? 2.) are they worth perservering with? Or should I take a dive before they do again and again.?

 

Regards

Heather De Reiss