Good News re WAL - Wavenet
| WAL |
4:13 PM |
|
Becoming a substantial
holder | Thurs 25th March 2004
Details:
Acorn Capital Limited
Total: 2,500,000 shares for $550,000
Present Registered Holders:
Military Superannuation & Benefits Board -
620,000
Queensland Investment Corporation - 680,000
Queensland Local Government Superannuation -
1,200,000
These are highly likely to be stable, cornerstone
investors which is great news for long term holders of
WAL.
----- Original Message -----
Sent: Monday, March 22, 2004 11:35
AM
Subject: Re: [sharechat] WAL
Thanks Allan.
Re WAL - I favour the 'cornerstone shareholder' +
low total number of shares + primarily longer term holders - should
contribute as stabilizers.
May fluctuate for a little while whilst investors
consider their positions but I see it retaining a greater value than 22c which
is why I have decided to hold.
Regards,
Cris
----- Original Message -----
Sent: Monday, March 22, 2004 11:22
AM
Subject: [sharechat] WAL
Chris,
People like you are the back bone of this sharechat
group, your honesty is
refreshing, and the work you do and share is
really well researched.
Its a shame about WAL, we have all known big
blocks of shares to be brought
and sold at a discount, I hope this is
another case of a corner stone share
holder buying in and becoming an
asset to the price.
At present I cant help a little paranoia creeping in
about the state of the
American market, I have always thought Richard
Russell would be right one
day, and I have heard all the explanations
about the "quadruple witching
day" on Friday, but the latest increase in
gold prices started a couple of
weeks ago, and I feel it may be trying to
tell us something.
Big things start in small ways, who would have thought
a small comment by
yourself, about not investing in a certain industry,
would have started such
a heated and prolonged exchange.
It may not
have been core business, but I did find some comments
entertaining,
informative and worth listening to.
I now wonder if the time has come to
start listening to the likes of
Mr
Russell.
Regards
Allan.
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