Forum Archive Index - February 2000

[terry mitchell <tymitchell@techemail.com>]

It is good to see Savoy rising to 8.5c last Friday but
personally, I do not think it will rise any further.
There has not been much pertinent financial nd business information revealed 
about the company (Safety Net)that SVL acquired the stakeholding in. 
We do not know the size of its business,turnover,depth of customer base, market 
penetration etc which does lead me to believe that Safety Net will not be 
making much impact on the NZ e-commerce market.
My opinion is that Savoy, like many others before them who have sat on 
languishing share prices, have decided to jump on the IT bandwagon and 
congratulations to them - their share price have enjoyed success!
However I've got a feeling that there will be many profit-takers tomorrow when 
the markets open. 
SVL traded at 6.5 cents earlier last week and so for the early birds, there 
will be a 30.7% profit there for the taking - and I think lots will be cashing 
up.
What do others think? 

                                     
                                



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