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Re: [sharechat] Wringing Telecom

From:	"hugh webber" <hugh.webber@clear.net.nz>
Date:	Wed, 4 Oct 2000 21:55:53 +1300

I was interested in the TCM IR's which Warburg kept going. I did ask
some questions about them on Sharechat some time ago but was totally
ignored.
They're still quoted on Teletext but not updated for the last week or so
(slack beggars) and in the Sunday Star Times. The further TCM falls the 
better yield bargain and more highly geared the IRs get for an upswing.
But what are the terms and conditions for these IRs?
(resounding silence again I suppose).
cheers,
Hugh 

----------
> From: Ben Dutton <bendutton@sharechat.co.nz>
> To: sharechat@sharechat.co.nz
> Subject: Re: [sharechat] Wringing Telecom
> Date: Tuesday, 3 October 2000 17:32
> 
> 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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> >
> >
> >
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> 
> 
>
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