Forum Archive Index - August 2001

["Wedde, John" <John.Wedde@weltec.ac.nz>]

Steven,
Canbet do not say they will set up in the UK, simply that they are
considering this.
Your other questions are good ones and answers to them would of course be
useful in making investment decisions.
Perhaps they will not run out of cash but generate enough next year to enjoy
a profit and a positive cash flow. These are of course matters about which
we all can only speculate. We can in fact only speculate about these things
for all companies. Nobody can crystal ball gaze totally accurately. All
investments in shares are therefore "punts". I hypothesised this in an
earlier posting and this generated some discussion.

Fundamentals:
*       Canbet became Australia's largest bookie, or at least claimed this
to be so. I'm not going to argue this.
*       Canbet's turnover increased by 320%.

Personally, I believe humans will always gamble. I also believe Internet
gambling is here to stay and it is a growth industry.
Eric Watson is punting on it.  I think he's right in this case and  I'm also
putting my money were my mouth is. I also hold Ebet.

The greater fool theory is certainly not the rationale behind my investment
decisions, and, as for recommendations --- I don't make any. I simply use
this forum for exchanging information and thoughts with others. 

As an aside, and as someone who only takes "calculated" gambles and who only
once in a blue moon will take a bet through the TAB, I thought the odds
offered on the Warriors to win the Rugby League at 18 : 1 the other day were
pretty good. I "punted" $100 on them.  

Cheers,
John




                -----Original Message-----
                From:   Steven Link [mailto:seechoke@hotmail.com]
                Sent:   Friday, 24 August 2001 08:50
                To:     sharechat@sharechat.co.nz
                Subject:        [sharechat] SKC/CBT


                I can remember some sharechatters speculating that CBT at 10
cents was worth 
                a punt ... CBT going to the UK and other jurisdictions -
what is the set up 
                costs? Do they need more funding?  What is CBT's competitive
advantage? How 
                long before CBT runs out of cash?  They are now burning
SKC's cash of course 
                and good at Eric Watson being able to convince SKC that CBT
will take good 
                care of their cash!

                Force was a great punt at 26 and 27 cents. Why sell to SKC
at 25 cents as 
                there must be more upside was the logic then .. so punters
bought at 26 
                cents etc... Nice losses if you can handle them.

                Don't get me wrong - some recommendations in sharechat have
been absolutely 
                superb - Wrightson and Rubicon to name two. But those
recommendations were 
                based upon underlying fundamentals - not punts and reliance
on the greater 
                fool theory which appears to be the hallmark investment
rationale behind a 
                lot of sharechatters' recommendations.


        
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