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Re: Re: [sharechat] ITC, streamlink, and JD


From: "Peter" <pmaiden@xtra.co.nz>
Date: Sun, 29 Jul 2001 09:56:20 +1200


Nick - the $1M is the equivalent to 0.6 cents a share.
 
But then when a share like ITC trades in parts of cents that is quite significant - ie 4% of the share price.
 
Be interesting what happens on Monday. ITC seems to be a share where good news (even if a lot of it is a bit of enthusiastic hype) seems to make the price go down - maybe this sort of news will make the price go up.
 
As I have said numerous times on this forum there is a lot of name dropping by several companies in NZ when they make announcements. From the April 27th ITC announcement  -  "Streamlink is a leading developer of electronic procurement
solutions that are used across a broad range of industries to deliver cost savings and efficiency gains through automated purchasing. Customers include Coca-Cola Amatil Australia, Qantas Airways, the Maps Group, PricewaterhouseCoopers and the Victorian Government's Premier's and Treasury Departments.'
 
Sounds great yet the AFR report says "...it had not signed a deal since October"
 
Nick - yes sudden news and unfortunate timing for Jeff D. However he wasn't going to say they were on the verge of going broke (if he did know)  - so maybe saying nothing at all would have been a better choice.
 
Shouldn't chop down tall poppies - even the giants like Ariba are suffering.
 
Cheers
 
Peter

 
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