Worth buying Telecom shares?

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Forums › Finance and wealth management › Worth buying Telecom shares?

vinnieg

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#61699 21-May-2010 14:54

Hmmm, just wondering, I have a couple of grand, Telecom is at their lowest share price yet

Does anything think they'll rebound? seriously considering maybe 1-2000 shares at the current rate(1.90 asking) at the moment?

I have moved across the ditch. Now residing in Melbourne as a VOIP/Video Technical Trainer/Engineer.

sbiddle

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#332981 21-May-2010 14:58

It will bever rebound significantly - but if the Government buys Chorus or establishes a partnership for the fibre rollout it could be interesting.

bazzer

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#332985 21-May-2010 15:07

The question to ask yourself is what else could you be doing with that money? Risk vs reward.

GBristow

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#332999 21-May-2010 15:32

Buying shares is more risky than ever, IMHO. If you have a bit of spare cash to play with, I would diversify. Put $500 into Telecom, and the rest into other higher risk ventures. There's a good chance you'll lose value, but the gamble is that you could make many times that.

wreck90

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#333000 21-May-2010 15:42

Telecom are toast.

Their executives couldn't organise a p*** up in a brewery (ask yourself, when is the last time that telecom ever succeeded at a new business, where that business was not rooted in monopoly?). See xt / cdma / ferrit / aapt / online shopping .............. Everything they touch turns to mud.

If telecom had a decent CEO (and I mean of Richard branson/steve jobs calibre) , maybe i'd buy.

But, all they have is a guy who knows how to run old fashioned services. Reynolds is a disaster for them. My chickens could run telecom better.

vinnieg

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#333006 21-May-2010 15:49

bazzer: The question to ask yourself is what else could you be doing with that money? Risk vs reward.

Yeah, icould use it to help fund my eye surgery, or on shares

As Sbiddle says, they could rebound quite a bit. I'm guessing if they did manage a partnership for FTTH they would go up? But go down if the Govt bought them out

Hmmm tricky decision, might have to sleep on it and have a look at how the shares close up tonight :)

I have moved across the ditch. Now residing in Melbourne as a VOIP/Video Technical Trainer/Engineer.

bazzer

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#333016 21-May-2010 16:04

Honestly, if you're asking the question here then I think the answer is don't buy them. You seem to be after a get rich quick kinda thing. That's fine, but you have to weigh up the risks.

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NonprayingMantis

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#333123 21-May-2010 19:48

If I had spare money I don't mind losing too much, then they might be worth a punt.

However, if I were looking for an investment to grow some money, then I would never buy shares in any one individual company. far far too much risk.