Forum Archive Index - August 2001

[Matthew Laing <Matthew.Laing@synergy.co.nz>]

The current price more than reflects the distrust that people have in the
stock. There are a lot of people who are hesitant, waiting for some positive
news. Good news or bad, the company is trading at 48% of it's NTA. Unless
the company goes totally belly-up (not likely) then I would say that the
share is trading at a considerable discount to "similar" shares (which trade
at a 80% of NTA level...) and that there is upside based on the current
investment valuations. Just wait until DVI signs a major deal (and
potentialy it could become an industry standard) and then I think we will
see the price trade at NTA or higher. 

Disc: Hold ITC - looking to purchase more at current levels.
 

-----Original Message-----
From: owner-sharechat@sharechat.co.nz
[mailto:owner-sharechat@sharechat.co.nz]On Behalf Of Chris Watson
Sent: Friday, August 10, 2001 11:33 AM
To: Heather Reiss; sharechat@sharechat.co.nz
Subject: Re: [sharechat] ITC


Some real question marks over the running of this company.  Huge expense
bill (mainly
salaries, including JD's over the moon package) to manage very few
investments. 
Alright for some I suppose, but not (so far) for its shareholders.  Check
out their
latest financial report...makes for interesting reading!  I will suspend
final judgement
until after their exec answer some hard questions at the upcoming AGM.
Until then,
too much uncertainty for me to BUY.  And if you're holding, probably too
late to
sell...unless you're a short-term trader in which case I would say take your
funds
and put 'em somewhere else.  

CW

>
>Does anyone have any thoughts on ITC? Recent announcements from Jeff
>Dittus indicate
a rights issue.
>What does this mean for the share price given its current standing? 
>I realise this is a speculative stock, but IMO it shows much potential
>with DVI
and VSL.
>Heather
>disc: Hold ITC.
>
>
>
>
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