Really, comments like the below add nothing to the conversation
whatsoever.
How about some real debate that elucidates your (differing) point of view
instead of needless put-downs.
Same goes with the post on the viruses - c'mon everybody, calm down, the
weekend's almost here.
----- Original Message -----
Sent: Friday, October 26, 2001 2:36
PM
Subject: Re: Re: [sharechat] NZSE - A
Dying Exchange
Gary,
Your knowledge on all matters NZ is wonderful -
you sound like a really interesting person - not !
----- Original Message -----
Sent: Thursday, October 25, 2001 4:18
PM
Subject: Re: Re: [sharechat] NZSE - A
Dying Exchange
Great comment. I looked up this site http://www.citypopulation.de/ [which
incidentally is excellent] and found there are around 70 cities that have a
population greater than NZ! The country is not geographically
strategic like Singapore, and does not
have 'numerous' neighbour nations like, say, similarly sized
Norway. In addition its clear that anything like free trade in agricultural
products is not on the horizon anytime soon. The strategic options for
NZ generally look rather limited.
[NZSE does not appear to have been that
adroit - on the other hand the hand it has been dealt is weak -
many corporates are overseas entities listed in London or New York because
of the historic lack of domestic capital - and a small domestic base
has also been a constraint in being able to expand into bigger offshore
markets. The fate of the NZSE is to be a (very) local board - probably
operating on the ASX platform or similar.]
The NZ government also seems incapable of
recognising global realties. NZ is small and a long way away from any
other markets. What incentive are they providing for real value add
activities to be domiciled in NZ - rather than a continued exploitation
of local resources and markets [like Edison takeover of
Contact].
See IRG research reports
