Forum Archive Index - October 2000

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

Matt - I've been in and out of TEL for a while now - and don't have any at
the moment.

The current volatility makes it a great trading stock...if you can pick it
right! :)

Best Regards

Benjamin Dutton

----- Original Message -----
From: "Matthew Van Veen" <mattvanveen@hotmail.com>
To: <sharechat@sharechat.co.nz>
Sent: Tuesday, October 03, 2000 5:23 PM
Subject: Re: [sharechat] Wringing Telecom


> 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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