Forum Archive Index - February 2001

["Malcolm Cameron" <malharcameron@hotmail.com>]

gerry
i think they are going broke. they got an award for their web site last year 
i do not know how. now they are sometime on some pages weeks out of date 
they must be using monkeys to do the web site in mho
malcolm


>From: "G Stolwyk" <stolwyk@wave.co.nz>
>Reply-To: sharechat@sharechat.co.nz
>To: "sharechat.co.nz" <sharechat@sharechat.co.nz>
>Subject: [sharechat] LEARNING TO INVEST: Newspapers and TV.
>Date: Mon, 12 Feb 2001 01:01:36 +1300
>
>
>Hugh,
>
>Let us talk about the fourth estate. How does it serve the sharemarket?
>
>H: " Sloppy " and " mediocre " are the key words here!
>Years ago, I asked the " NZ Herald " to use the term  P/E instead of 
>earnings yield in the market tables. They did!
>
>G: And you contacted Dublin ( HO of Independent Newspapers ) about problems 
>with the div. yield and the P/E ?
>
>H: I found out that they rewrote the computer program and I got different 
>results!
>
>I did get an answer from the now CEO, mr Sanders. I was well treated; he 
>devoted quite a lot of space on the matters I raised. They had updated the 
>div.yield calculation but I was still not satisfied.
>
>G: Come to think of it, all data in a table refer to the past; I suppose 
>you don't need the tables any more?
>
>H: You mean to say that I don't need the 'Herald' any more? The story does 
>not end there! A few years ago, I asked them to devote more space to 
>Australian companies. I suggested that the paper carry brief news items. 
>Nothing happened.
>
>They have just announced that the financial section will have more 
>Australian items.
>
>There still is too much space wasted on insignificant companies; are the 
>writers being paid per line?
>Some improvement, but too late as far as I am concerned!
>
>G: They must have found out that NZdrs are investing more in Australia!
>
>The ability to perceive outcomes is low: business is too preoccupied with 
>immediate results. This is easier to do as it requires less skill!
>As a consequence, too much time is wasted trying to regain loyalty.
>
>H: I get my results and news from my computer, I use it to study companies, 
>there is little need to use data from a newspaper!
>The teletext is important and I can watch NZ trading; they also devote 
>space to overseas companies and investment trusts.
>
>G: I suppose, the Weekend Herald is quite good. Brian Gaynor's articles are 
>superb!
>
>H: They are! Now, what about business news on TV?
>I like " Telstra Business " @6.30 am.: I am asleep at that time. I don't 
>think that I'll miss much, do I?
>There is little else, is there?
>
>G: Summary: Computers ' jump' time zones and real time financial news is 
>constantly being updated.
>
>Newspapers impart yesterday's news and therefore need to ensure that 
>readers want it.
>
>The 'Sharechat' s home page has links to all relevant updated business 
>news!
>
>Gerry
>

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