Forum Archive Index - December 2001

["michael gore" <michgore@paradise.net.nz>]

Like Air New Zealand do you mean?

----- Original Message -----
From: <nickk@quicksilver.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Wednesday, December 12, 2001 4:24 PM
Subject: Re: [sharechat] Quiet Times


>
> Dick
>
> You said "The Government led the charge by selling assets that had been
> built up over 50 and 100 years..."
>
> Might just be that the Government actually sold liabilites that had been
> built up over that same time!
>
> Cheers
>
> NK
>
> Dick O'Connor writes:
>
> > Gerry, By and large, what you have done on this site has been very
> > interesting - the first one, I think, to name shares and then follow
their
> > fortunes on a regular basis and with success (pity the Sept 11 business
had
> > to happen). I'm sure most of us would wish you well.
> >
> > I find it hard, however, to feel too gloomy about the NZSE. This site
alone
> > shows that more and more are waking up to the harm that has been done by
> > making it too easy for overseas' companies to come in and buy up a lot
of
> > our companies. Brokers, of course, have always jumped in to get their
share
> > of quick gain at the cost of long-term profit.Now, however, they're
changing
> > their tune because they are going to own stock in the exchange. The Govt
led
> > the charge selling assets that had been built up over 50 and 100 years
and
> > more - a main reason billions of profits have flowed out of this country
and
> > there is not enough now for needed health, education, and policing
services.
> >
> > At least there are now efforts being made to make sharemarket activities
> > less offensive. It can grow and get better.
> >
> > There have always been ups and downs in the NZ market and there always
will
> > be. Despite this there must be many of us who hold portfolios of good
> > companies we are happy to own. Just because prices have gone too high to
> > make attractive buying does not mean to say they will always be that way
and
> > that we will never be able to find anything worth investing in here.
> >
> > _________________________________________________________________
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http://explorer.msn.com/intl.asp.
> >
> >
>
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