Forum Archive Index - December 2001

["Collin Ross" <ceejaynz@xtra.co.nz>]

I think I agree with you Hugh.
I did get an allocation, and for the very reasons you  give, - overcrowding
in the field etc -
I think the opportunity to make a 40% gain is all too tempting.

I am a retired Retailer -  it is a very
 difficult and fickle field

Somehow, I think greed will win -

Ceejay


----- Original Message -----
From: hugh webber <hugh.webber@clear.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Sunday, December 16, 2001 8:46 AM
Subject: Re: [sharechat] Briscoes


> Fascinating. On the other hand you could read it as a sign of hope and of
intelligent life. Buffett
> avoids IPO's for reasons detailed in, for example Buffettology by Mary
Buffet. Despite some strong
> patronage of my broker at J B Were over the year I wasn't even offered any
Briscoes although I must
> say I never expressed any interest.
> I only participate in sure things e.g. the first tranche of Telstra which
paid for this PC, colour
> printer, scanner, Internet hook-up.
> I haven't studied Briscoes so I can't really comment other than to say
that the retail field seems
> to be somewhat crowded with Briscoes, K Mart, Farmers, Warehouse all
elbowing each other plus some
> locally strong department stores and I can't really see strong growth even
if it was a successful
> IPO by restricting the share supply. Most IPO's in NZ in recent years have
been failures.
> How many shares were typical small investors restricted to?
> I should imagine the answer tells us we're really talking about petty cash
even if  Mum, Dad and
> the 4 kids participated so the real question is, is Briscoes a good buy
after the IPO went up 42%?
> ummm,errrrr,ahhhh.....
>
> ----------
> > From: Jared Honore <nzeaglei@hotmail.com>
> > To: sharechat@sharechat.co.nz
> > Subject: [sharechat] Briscoes
> > Date: Friday, 14 December 2001 20:53
> >
> > hi.
> >
> > this chat site is basically DEAD. today we had the only REAL IPO of the
> > year, and how many posts did we have on it? not even ONE. pathetic. for
> > those of you lurking readers out there, why not take the plunge and say
> > something. or go over to http://www.sharetrader.co.nz where there is
some
> > action, at least. I used to like this site far and away, but its like a
> > ghost town now. oh well....i will kick something off.
> >
> > I bought BGR at 1.42 today. can you all believe that $10m got traded in
that
> > stock alone! that is normally about 10% of the average daily NZSE
turnover.
> > there is some interest there, thats for sure. i dont know if it was a
good
> > idea to buy, but what i am hoping is that in the Weekend Herald and
other
> > weekend papers, all the cliched mums and dads will read about how well
it
> > did today, and call their brokers on monday. wishful thinking maybe, but
> > then again....
> >
> > cheers
> > jared
> >
> > _________________________________________________________________
> > Chat with friends online, try MSN Messenger: http://messenger.msn.com
> >
> >
>
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