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Re: [sharechat] SPE, why so quiet?


From: richard hermans <r.m.hermans@xtra.co.nz>
Date: Wed, 23 Aug 2000 10:26:08 +1200


Derek; What do the SPEOB have owing on them & when ???is that the lot
that have 8c due in 2 yrs??? Used to own SPE  out of touch now;Thanks
Margie
Interesting comments re TEL/TMN I also thought TMN would run,& I bgt TEL
thinking itd be safe !!!!!!What a fool  lost all my profits now;Margie
.> 
> Hi Tony,
> The volume of shares is high but the value is quite low.
> As Warner indicated, and it seems to make sense to explain the
> lack of interest in IT companies right now, is that investors are
> being cautious at the moment. Maybe too many have had their
> fingers burnt with the downgrading of many IT shares.
> Maybe too many have bought into TEL thinking it was safe?
> Maybe people are expecting the annual jitters around Autumn
> in the States to be worse this year?
> 
> This seems to extend to Australia as well, where I would have
> expected Telemedia to go alot higher on the Cisco news.
> 
> Am I right in thinking that if someone bought SPE shares before
> the rights issue at 13c then the average cost of the shares after
> was about 5c? If this is so then the lack of people willing to
> trade below 5c is understandable.
> 
> With no impetus to go up and none to go down I guess this explains
> the tight trading range. My guess is that there will have to be
> more news before SPE moves much either way. But once it does start
> to move you may not have the chance to top up (maybe a good thing
> if it goes down!).
> 
> And for the brave, there's always SPEOB. If they hit 1c I'm in!
> 
> Derek
> 
> (own SPE)
> 
> At 11:09 PM 22/08/00 NZST, you wrote:
> >And he now holds 5.76% of the company - that's about 20m shares - kind of
> >sends the right message to the market heh?
> >
> >Although the volumes seem high in SPE the share price seem "stuck".  Anyone
> >any ideas why - is it worth picking up a few more before it really takes
> >off?
> >
> >Tony
> >
> >Bought SPE rights and exercised.  Maybe not enough though?
> >
> >
> >
> >>From: "Geoff Ewert" <gewert@wai.quik.co.nz>
> >>Reply-To: sharechat@sharechat.co.nz
> >>To: <sharechat@sharechat.co.nz>
> >>Subject: Re: [sharechat] SPE, why so quiet?
> >>Date: Tue, 22 Aug 2000 13:41:03 +1200
> >>
> >>He is on the SPE board,interesting that he,s a tax fraud expert.
> >>----- Original Message -----
> >>From: "Dawber, John" <J.F.Dawber@massey.ac.nz>
> >>To: <sharechat@sharechat.co.nz>
> >>Sent: Tuesday, August 22, 2000 1:27 PM
> >>Subject: RE: [sharechat] SPE, why so quiet?
> >>
> >>
> >> > John M Carr is one of the Directors of www.moneyonline.co.nz.  Its an
> >> > investment company, don't know about Velocity Partners though.
> >> >
> >> > Regards
> >> >
> >> > John
> >> >
> >> > -----Original Message-----
> >> > From: Robert Cox [mailto:robert_cox@icanz.co.nz]
> >> > Sent: Tuesday, 22 August 2000 9:40 a.m.
> >> > To: 'sharechat@sharechat.co.nz'
> >> > Subject: RE: [sharechat] SPE, why so quiet?
> >> >
> >> >
> >> > Does anyone know anything about Velocity Partners Ltd who filed this SSH
> >> > notice for Spectrum yesterday (eg are they investment company, IT
> >>company,
> >> > or associated with directors or execs of Spectrum or Wel Tech)?
> >> > Regards
> >> > Robert
> >> >
> >> > SPE
> >> > 21/08/2000
> >> > SSH
> >> >
> >> > REL: 0843 HRS Spectrum Resources Limited
> >> >
> >> > SSH: SPE: SSH NOTICE RECEIVED
> >> >
> >> > NOTICE 6140 DETAILS
> >> >
> >> > Submitted Date        : 21-AUG-2000 08:42
> >> > Status                : Accepted
> >> >
> >> > Add Holder          : Y  Change Holder       : N
> >> > Ceased Holder       : N  Change Nature       : N
> >> >
> >> > Issuer Code           : SPE Spectrum Resources Limited
> >> > Sub. Sec. Holder      : Velocity Partners Limited
> >> >
> >> > Email                 : Not supplied
> >> > Address               : P O Box 28684
> >> > : Remuera
> >> > City                  : Auckland
> >> > Country               : New Zealand
> >> >
> >> > Contact Name          : John M Carr
> >> > Phone                 : 00
> >> >
> >> > Total of Interest     : 17655774
> >> > Total Issued          : 306538692
> >> > Total %               : 5.76
> >> > Class                 : SPE
> >> > Num Attached          : 1
> >> >
> >> > Beneficial
> >> > Total of Interest  :
> >> > Current % held     :
> >> > Last % held        :
> >> > Names              :
> >> > Transaction Dates  :
> >> > Total Votes        :
> >> > Considerations     :
> >> >
> >> > Non Beneficial
> >> > Total of Interest  :
> >> > Current % held     :
> >> > Last % held        :
> >> > Names              :
> >> > Provisions         :
> >> > Transaction dates  :
> >> > Total Votes        :
> >> > Considerations     :
> >> >
> >> > Description           :
> >> >
> >> > Acquired as a result of subscription to rights.
> >> > Documentation
> >> > With Notice        : No
> >> > Not Filed          : Yes
> >> > Been Filed         : No
> >> > Number of pages       : 0
> >> >
> >> > Date of Last Notice   :
> >> > Rel. Sec. Holders     :
> >> >
> >> > Submitted By          : Rosalyn Stevens on 21-AUG-2000 at 08:42
> >> > End CA:00058790 For:SPE    Type:SSH        Time:2000-08-21:08:43:32
> >> > Encrypt:Y
> >> >
> >> >
> >> > > -----Original Message-----
> >> > > From: Warner Lamb [SMTP:cloud9@i4free.co.nz]
> >> > > Sent: Monday, August 21, 2000 11:45 PM
> >> > > To: sharechat@sharechat.co.nz
> >> > > Subject: Re: [sharechat] SPE, why so quiet?
> >> > >
> >> > > My brokers believe this is the best "small priced" stock to have a
> >>punt
> >> > > on.
> >> > > Imagine where the stock would have gone if Lucent had announced
> >>something
> >> > > like that back in Feb.
> >> > > Warner
> >> > > (no SPE)
> >> > >
> >> > >
> >> >
> >> >
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