TEL v TLS

[BIRMANBOY]

So what model/make of car are you buying with your well earned funds?

Whoops! Hardly got my shovel in the clay and they had gone at 262cps. Now, down to 242 again soon so that I can buy them back with enough left over to buy a new handle for the shovel I broke.

[craic]

I already have a Courier ute, a Ford Festiva that my son got us ten years ago, a Ford tractor complete with grader blade, a boat that hasn't seen water in recent years, a quad bike in the shed and a wife that I've had since 1964 and a fairly new dog. What the hell do I need a car for?

[BIRMANBOY]

You have a short memory...must be that rum!!!
I was considering a sell order at 250 and then 260 on the grounds that I could buy back in when it drops as it always seems to do. A few years ago one claimant on this site said that he made a living from selling TEL high and buying low - I wonder if he is still at it? Every cent change for me is $315 and I hope to buy a new car out of it - or at least a reasonable second-hand car by next summer -

I already have a Courier ute, a Ford Festiva that my son got us ten years ago, a Ford tractor complete with grader blade, a boat that hasn't seen water in recent years, a quad bike in the shed and a wife that I've had since 1964 and a fairly new dog. What the hell do I need a car for?

[craic]

The Festiva cost me $5000 ten years ago and I change my mind about it daily. It refuses to show any sign of its age and it has never failed to take me anywhere I want to go. I am the most unpetrolheaded person you are ever likely to come across - I once rode a Zundap until cyclists began passing me on hills so I sold it and bought a bicycle.

[craic]

Looks like that new shovel handle is back on the cards!

[Major von Tempsky]

Ask yourself, in what way has the economic situation in NZ deteriorated very abruptly to justify dropping TEL by 9cps?

Nix. The NZ dollar has gone from 88US cents to 83US cents. That's good news helping our economic situation via exports. The jobs report in the US this morning was better than expected, the DOW is up half a per cent.

Just another in the random periodic mini panics that New York has always suffered from.
What's good is that at last NZ is becomingly increasingly disconnected from this sort of beat-up. In the past Wall St would sneeze and the NZX would be rushed off to hospital with pneumonia. Now Australia is NZ's biggest customer and China is Australia's biggest customer and a rapidly growing significant NZ customer. This time NZ has dropped about two thirds only the NY fall. Its rather doubtful that any significant NZ drop is justified on fundamentals.

[craic]

The fall in TEL is credited to Australian fund managers selling out. TEL is mainly owned by Aus. interests anyway. The global market pays little attention to fundamentals of companies. The NZ dollar gets up to dizzy heights and triggers software programmes to get in here. The NZ dollar goes down and out comes the money again. But the bottom line is that prominent guru in usa predicts a big dive down, possibly into recession. If you want to gamble, both Sky Television and Sky City Casino look set to make a killing over the next few months.

[Major von Tempsky]

How so with the two Skys?
(always grateful for a good tip :-))

[craic]

In troubled times gambling goes up. Sky sports is in for a big boost but it wasn't a tip. "If you want a gamble" was meant literally.

[craic]

Anybody know dates for next TEL dividend? I think their cut-off date is mid August with a payment in September but I also heard somewhere that they were reverting to half-yearl payments from quarterly payments? Couldnt find anything on their site.