Forum Archive Index - February 2004

[<philip@goodreturns.co.nz>]

Hi Robin
Just put a story on Sharechat where we talk to Carmel Fisher.
http://www.sharechat.co.nz/news/scnews/article.php/c1008aa4
Two points she makes are that Listed Investment Companies have some
advantages over closed end vehicles - one being lower fees. The other is
that these outfits are saying to companies there is another source of
capital other than banks.
She has looked at the companies on the AX market but hasn't invested in any
yet.
Philip

-----Original Message-----
From: sharechat-owner@sharechat.co.nz
[mailto:sharechat-owner@sharechat.co.nz]On Behalf Of robin benson
Sent: Tuesday, February 03, 2004 6:30 AM
To: sharechat@sharechat.co.nz
Subject: [sharechat] NZSX investment floats

Some attention has surrounded a couple of floats-to-be on the NZSX
early this year: Salvus and Kingfish.

Between them, they stand to invest, over time, up to NZ$125m. There
seems to be some enthusiasm for listing such investment vehicles as
soon as possible, seemingly fishing for minnows off the main board.

Presumably, the timing of these floats has something to do with the
NZAX initiative.

Is this is emergence of a tier-2 level of investment for established
startups in NZ?

Regards

Robin


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