Forum Archive Index - September 2000

["Sarah Corkhill" <sarah.corkhill@db.com>]

Well the shocking GDP figures released this week have sent the NZ$ lower 
against every other currency that matters.  This is good news for holders of 
FRU shares as the pound is trading today somewhere around £1 = £3.55 (give or 
take a few cents).
'V' is as hard to get hold of in England as economic know-how is for the 
current Labour Govt. Both Tesco's (large supermarket chain) and BP can't seem 
to get enough of the stuff on their shelves to satisfy demand.  If you have any 
lying around at home you may want to ship it to England and make afew ££.

NZ is, I believe, the only OECD nation that is currently in, or incredibly 
close to that nasty R word.  You guessed it - Recession.  Economic confidence 
is low and I expect the Reserve Bank to raise interest rates shortly to curb 
inflation.  It is going to be a very scary ride for the NZSE40 this October.

If you are looking for something interesting to watch outside the NZ market 
then keep an eye on three companies in England.  The first is called Knowledge 
Support - one look at it and enough said.  The second is Brewin Dolphin - an 
English broking firm that is making buckets of money and the rumours of a 
takeover are rife.  The third is LIFFE - it's the futures and options exchange 
that is getting it together where the LSE isn't.  Very closely held and 
illiquid but they intend to list sometime in the next few years which will do 
wonders for the share price. They arent listed and to have a look you'll have 
to go to www.liffe.com.

Please don't see this as a recommendation to buy them -  I'm passing along 
information I got from a very good source and thought you might all be 
interested. I don't own any - but do intend to buy LIFFE.  I was told to buy 
them @ £4 and am kicking myself that I didn't listen.

Have a great weekend all,

Sarah


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