Forum Archive Index - July 2001

["Peter" <pmaiden@xtra.co.nz>]

Nick - the $1M is the equivalent to 0.6 cents a share.

 

But then when a share like ITC trades in parts of cents that is quite significant - ie 4% of the share price.

 

Be interesting what happens on Monday. ITC seems to be a share where good news (even if a lot of it is a bit of enthusiastic hype) seems to make the price go down - maybe this sort of news will make the price go up.

 

As I have said numerous times on this forum there is a lot of name dropping by several companies in NZ when they make announcements. From the April 27th ITC announcement  -  "Streamlink is a leading developer of electronic procurement
solutions that are used across a broad range of industries to deliver cost savings and efficiency gains through automated purchasing. Customers include Coca-Cola Amatil Australia, Qantas Airways, the Maps Group, PricewaterhouseCoopers and the Victorian Government's Premier's and Treasury Departments.'

 

Sounds great yet the AFR report says "...it had not signed a deal since October"

 

Nick - yes sudden news and unfortunate timing for Jeff D. However he wasn't going to say they were on the verge of going broke (if he did know)  - so maybe saying nothing at all would have been a better choice.

 

Shouldn't chop down tall poppies - even the giants like Ariba are suffering.

 

Cheers

 

Peter