Forum Archive Index - October 2000

["Matthew Van Veen" <mattvanveen@hotmail.com>]

Ben - I thought you bought into TEL a couple of weeks back.
I think it will be the oseas investors driving the price so if other Fund 
Companies follow suit then price should climb. Having said that they are on 
a downward trend still.

Matt


>From: "Ben Dutton" <bendutton@sharechat.co.nz>
>Reply-To: sharechat@sharechat.co.nz
>To: <sharechat@sharechat.co.nz>
>Subject: Re: [sharechat] Wringing Telecom
>Date: Tue, 3 Oct 2000 14:32:24 +1300
>
>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

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