----- Original Message -----
Sent: Saturday, December 09, 2000 9:07
PM
Subject: Re: [sharechat] Software of
Excellence
Hi Phil
I also have a firm allocation of 2000 shares in SoE
and I sent the cheque away on Thursday.
I spent quite a lot of time reading their prospectus
and going through their accounts.
The thing that impressed me particularly was that the
directors have voluntarily agreed to place their shares in escrow (cannot sell
them) for 18 months after listing.
How many directors in other recently listed companies
have demonstrated by their actions that they truly have their shareholders
interest at heart in such a pragmatic manner?
Another thing that impressed me was the very high
export focus of SoE.
They have a dominant position in NZ and UK markets,
as well as a sizeable Australian market share and are looking to expand
into Singapore and the US.
2000 shares is not a lot but I think this company has
excellent growth prospects, so I won't be looking to flick them in the short
term. NZ needs more companies like SoE.
I hope that helps you in your decision.
Cheers
Grant
Keymer
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