Money Show returns with new partner and format

Press, 26 February 1987, Page 29

Money Show returns with new partner and format

The success of Personal Investment Magazine — new partners with Mr Chauncy Stark in the Money Show, has built a new dimension into the Christchurch event taking place. February 27, 28 and March 1.

Personal Investment (N.Z.), bought out Telecorp’s 50 per cent share just before the Auckland Money Show last October: Personal Investment Magazine became co-sponsor at that time. But now the relationship is in full swing with flow-on effects beneficial to both sides.

With P.I. (N.Z.) comes a highly appropriate international connection.

As a subsidiary of Fourth Estate — publishers of National Business Review — P.I. (N.Z.) is owned by John Fairfax and Co. of Australia. Its transtasman sister-com-pany P.I. in Australia sponsors a total of 11 money shows in various state capitals and regional centres.

"Our new partnership is very much in the interests of the show” says Stark. “The Personal Investment Magazine sponsorship is a valuable link and we’re 1 working well together.

“The concept of the show has in any case developed and the show continues to expand. We are confident we have attained a level from which people who want to invest in the share market or fixed markets will find invaluable.

“The degree to which people in the financial business have been willing to come out from behind their desks has become an important new aspect of financial marketing. Until recently they operated on a conventional basis, waiting for people to come to them.”

However, one of the new higher-risk areas, sometimes described as international currency futures, will not be present. “Unlike last year the Money Show ’B7 will have no ‘leveraged’ currency brokers participating, says Chauncy Stark.

"We have discussed the matter with the Securities Commission and decided that until this aspect of the industry is better regulated we shall continue to say no. We see this as protection for ourselves and also for visiting investors.”

He spoke of how the show serves the needs of the smaller investor who realises he is on the wrong end of the cost/fee relationship with an individual share broker and has to confront the reluctance of most companies to proliferate their shareholdings. "There are new opportunities out there for par-

ticipation in the growth of the top companies through various ways of combining shareholder power,” says Stark. “Unit trusts, shareholder groups, all have their own preferences in the selection of shares for their portfolios.

"Until now the sharemarket has been moving upwards so risks have been correspondingly low. Now we have a downward correction so it is essential, especially for the smaller punter, that he gets the best possible advice.

“The decline in the market is now producing a range of stocks which appear undervalued. The seminars will identify some of these stocks for visitors.

“But really the only thing you can guarantee about the stock market is that it will continue to change along with the people who benefit from it.”