Forum Archive Index - November 2001

["Collin Ross" <ceejaynz@xtra.co.nz>]

Well said Hugh!

I for one am very interested in this market, as our focus ( being retired)
is on  income, so we have been looking at getting out of some of our now low
yielding bank investments, but trying to avoid the "Junk Bond" market.
Regulararity of  Interest payments are a must for us, and also some kind of
means of having the interest rate floating with the Debt Market in General
 as in Fonterra, Richmond)
If that floating interest rate works well, our Capital should be fairly
secure ..

Ceejay


----- Original Message -----
From: hugh webber <hugh.webber@clear.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Thursday, November 29, 2001 9:34 AM
Subject: [sharechat] www.debtmarket.co.nz


> I may be wrong, I haven't had time to read everything, but there doesn't
> seem to have been any discussion on sharechat about the new debtmarket
> trading site started by the NZSE last Monday.
>
> I had one quick look and the volumes seemed to rather lower than
> I would have expected and the range is a bit thin.
>
> The one the Sunday Star Times mentioned of BIL 8% coupon debt
> with a yield of 20% and $100 face value selling for $43 seemed to
> have become unrecognisable - maybe it was the one going for $83
> on Monday.
>
> But to me, although the gains are taxable, it seemed like a very good
> supplementary option to shares - high yield, good capital gains,
> good trading opportunities.
>
> Yet resounding silence on sharechat. Odd. Very odd.
> The NZ sharemarket is thin enough (even worse if Frucor and Contact
> disappear) that I would have thought some alternatives would be seized on
> eagerly.
> Anyone know what the minimum trading parcel is for example? or the
> brokerage rates? Or if everything is quoted or is there another grey
> market like the informal sharemarket?
>
>
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