Sharechat Logo

Of Bulls & Bears

Friday 11th August 2000

Text too small?

Game holds price better than players

Ferdinand was visiting a central Auckland "bargain house" recently when among the assorted detritus of other people's lives he found a board game called Takeover. Wiping away the dust of ages, he found a monopoly-like board with a corporate name on each square. It was only when he spied such names as Equiticorp, Chase Corporation, Petrocorp, Bexley Corporation and endless other long-dead "corpses" that Ferdinand realised the game was a relic from the glamorous 1980s and the board squares were undoubtedly sponsored by these once prominent companies. To cap things off, a glossary of investment terms that came with the game was sponsored by broker Buttle & Co, which also is no longer with us. This game is available to students of investment history for $5, which means it has held its value better than almost all the companies that sponsored it.

Online service to fetch and carry

Courier and mail company Freightways has been investing heavily in becoming an internet company. This does not mean it is about to become a virtual company but rather it believes it will benefit from an increase in business from online retailers sending goods to customers. As the company said recently, "Freightways is answering this challenge through the establishment of a group-wide packaged solution under the banner of Freightways Electronic Trading and Commerce Hub." While this term sounds suitably high-tech, Ferdinand had to check his calendar to make sure it wasn't April 1st. After all, as an acronym, Freightways' new service will be known as Fetch.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

NZ dollar rises as US-China trade, Brexit tensions ease
SkyCity shares hit 7-week low as fire encapsulates convention centre
Wrightson showcases Fruitfed Supplies as horticulture stands out
Fonterra rivals fear dairy giant will get leg up from law overhaul
Wellington Drive remains in the black as it raises operating forecast
OMV plans further maintenance at Pohokura
Sky continues sports drive with extension to netball rights
Apple's asset-shuffling puts $270m value on PowerbyProxi
Fonterra lifts payout forecast on improving global dairy prices
22nd October 2019 Morning Report

IRG See IRG research reports