Forum Archive Index - November 2001

["Ben Dutton" <bendutton@sharechat.co.nz>]

Hugh, you mentioned BIL's bonds in the below post - thought you and others
may be interested in this article Roger Armstrong wrote for Unlimited
magazine on BIL - check it out here:

http://unlimited.co.nz/unlimited/unlimited.nsf/UNID/0D2CFCBA8B7E01ECCC256B0C
0006FCC8

Ben Dutton
(Disc. no BRY)

----- Original Message -----
From: "hugh webber" <hugh.webber@clear.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Thursday, November 29, 2001 7:34 AM
Subject: [sharechat] www.debtmarket.co.nz


> I may be wrong, I haven't had time to read everything, but there doesn't
> seem to have been any discussion on sharechat about the new debtmarket
> trading site started by the NZSE last Monday.
>
> I had one quick look and the volumes seemed to rather lower than
> I would have expected and the range is a bit thin.
>
> The one the Sunday Star Times mentioned of BIL 8% coupon debt
> with a yield of 20% and $100 face value selling for $43 seemed to
> have become unrecognisable - maybe it was the one going for $83
> on Monday.
>
> But to me, although the gains are taxable, it seemed like a very good
> supplementary option to shares - high yield, good capital gains,
> good trading opportunities.
>
> Yet resounding silence on sharechat. Odd. Very odd.
> The NZ sharemarket is thin enough (even worse if Frucor and Contact
> disappear) that I would have thought some alternatives would be seized on
> eagerly.
> Anyone know what the minimum trading parcel is for example? or the
> brokerage rates? Or if everything is quoted or is there another grey
> market like the informal sharemarket?
>
>
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