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Re: [sharechat]ITC & China

From:	Gerry Tyler-Smith <g.tylersmith@ext.canterbury.ac.nz>
Date:	Tue, 07 Nov 2000 09:42:59 +1300

dear Maree,

Mindful of  the experience of Fletchers and Aquaria in their China
dealings, and the lack of detail in ITC's Annual Report 2000, on its US$20
miliion joint venture with the Tianjin  Venture Capital Preparatory Group,
don't you feel a trifle concenred about this upcoming committment ...?

  >I would have to concur with John's comment re the undervaluation of ITC
>stock. The news of the exo-net profit and then the chinese deal should have
>created more interest than it did. But thats the market for you.
>
>However, I hear that an announcement will come shortly regarding another ITC
>investment, Virtual Spectator. Apparently they have signed a deal to cover a
>international major sport. I did hear they were after F1 motor racing, so
>perhaps thats what the deal entails. If it is the FI, then this will be big
>bucks for them.
>
>We'll have to see whether this has any effect on the markets valuation of
>ITC stock.
>
>discl: hold ITC.
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References

[sharechat] Virtual Spec MAREE GREENWOOD

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