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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: Steve Fancy who wrote (8437)	9/23/1998 11:00:00 PM
From: BomboochaBoy	Read Replies (2) \| Respond to of 22640

Steve and Jan... Steve, I, too, am a lurker, watching from far away as you diligently provide me with all the news that's fit to print. Awesome, man. What's your take on the Mexican market? I have small positions in TBR and TZA. I wonder if that popular Erik Estrada soap opera is on TZA. Whatevers. Jan, congrats on your UBB! If only, if only, if only... I watched it rise from 15 to 18+... Aloha Paul

To: Steve Fancy who wrote (8437)	9/23/1998 11:52:00 PM
From: Steve Fancy	Respond to of 22640

OK folks, I did some work on my Bovespa closing figure program. Couple problems yet, I'll fix 'em tomorrow. First problem, you'll notice the combined Baby Bra Preferred share conversion to the US ADR is off a tad...almost matches TBH...not sure if I'm using the wrong exchange rate, have some kind of program rounding problem, or TBR went up a tad in Brazil after our close. Second problem, the program didn't seem to pick up options or the TBR receipts. Like I said I'll fix it tomorrow. In the meantime, I think I made some sense of the figures. I'm open to any suggestions. See next post for todays list. sf

To: Steve Fancy who wrote (8437)	9/23/1998 11:55:00 PM
From: Steve Fancy	Respond to of 22640

Closing figures for the Baby Bras Preferred shares on the Bovespa for: 09/23/1998 ******* The 12 Baby Bra preferred shares should add up to the US ADR closing price Company Type Symbol OPEN HIGH LOW CLOSE CHG TRADES $ VOLUME ======= ==== ====== ===== ===== ===== ===== ===== ====== ============ EMBRATEL PAR PN * EBTP4 17.00 18.00 16.39 16.50 + 3.12% 101 98,700,000 TELE CL SUL PN * TCSL4 1.55 1.80 1.55 1.80 + 5.26% 116 359,600,000 TELE CTR OES PN * TCOC4 0.63 0.71 0.63 0.68 + 9.67% 76 311,500,000 TELE CTR SUL PN * TCSP4 11.20 12.41 11.00 12.40 +11.91% 89 154,200,000 TELE LEST CL PN * TLCP4 0.53 0.56 0.52 0.54 = 0.00% 60 269,100,000 TELE NORD CL PN * TNEP4 0.59 0.67 0.59 0.65 +12.06% 102 600,700,000 TELE NORT CL PN * TNCP4 0.32 0.37 0.31 0.35 +12.90% 98 438,400,000 TELE NORT LE PN * TNLP4 14.00 15.50 14.00 15.20 + 8.57% 67 74,200,000 TELE SUDESTE PN * TSEP4 3.55 4.15 3.55 4.11 +17.42% 133 334,100,000 TELEMIG PART PN * TMCP4 1.37 1.40 1.20 1.23 - 8.20% 47 93,100,000 TELESP CL PA PN * TSPP4 8.60 9.72 8.60 9.72 +15.71% 95 519,800,000 TELESP PART PN * TLPP4 30.00 32.50 28.50 30.50 + 8.92% 172 251,100,000 ------ R$ 93.68 R$ 93.68 / 1.1835 = US$ 79.16 Closing figures for the Baby Bras Common shares on the Bovespa for: 09/23/1998 These shares trade only in Brazil (Control or Voting shares), will not match up to US ADR Company Type Symbol OPEN HIGH LOW CLOSE CHG TRADES $ VOLUME ======= ==== ====== ===== ===== ===== ===== ===== ====== ============ EMBRATEL PAR ON * EBTP3 13.90 13.90 13.50 13.50 + 3.84% 2 2,000,000 TELE CL SUL ON * TCSL3 1.00 1.00 0.90 1.00 = 0.00% 5 19,800,000 TELE CTR OES ON * TCOC3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELE CTR SUL ON * TCSP3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELE LEST CL ON * TLCP3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELE NORD CL ON * TNEP3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELE NORT CL ON * TNCP3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELE NORT LE ON * TNLP3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELE SUDESTE ON * TSEP3 2.00 2.10 2.00 2.10 / 0.00% 5 120,000,000 TELEMIG PART ON * TMCP3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELESP CL PA ON * TSPP3 4.00 4.80 4.00 4.50 / 0.00% 18 200,100,000 TELESP PART ON * TLPP3 14.50 19.00 14.50 19.00 +40.74% 16 70,000,000 Closing figures for other Telebras related symbols on the Bovespa: 09/23/1998 These symbols are for the 52 individual companies, no match to anything, provided FWIW. Company Type Symbol OPEN HIGH LOW CLOSE CHG TRADES $ VOLUME ======= ==== ====== ===== ===== ===== ===== ===== ====== ============ TELEBAHIA PNB* TEBA6 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA ON * TEBA3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA PNA* TEBA5 22.00 22.50 20.60 21.00 - 4.50% 15 1,910,000 TELEBAHIA CL PNB* TBAC6 18.00 19.50 18.00 19.50 - 7.14% 11 17,840,000 TELEBAHIA CL PNC* TBAC7 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA CL ON * TBAC3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRAS ON EC TELB3 0.19 0.20 0.19 0.20 +%100.00% 2 14,000,000 TELEBRAS PN EC TELB4 0.17 0.40 0.17 0.35 +%118.75% 61 82,000,000 TELEBRASI CL ON * TBRC3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASI CL PNB* TBRC6 43.50 45.50 43.50 45.50 + 5.08% 7 5,500,000 TELEBRASILIA ON * TBRS3 99.90 99.90 99.90 99.90 + 5.26% 1 100,000 TELEBRASILIA PN * TBRS4 95.00 95.00 92.00 93.00 + 5.68% 7 100,000 TELEMIG PNB* TMGR6 37.50 41.00 37.50 41.00 + 9.33% 35 16,930,000 TELEMIG PND* TMGR8 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG ON * TMGR3 29.00 30.99 29.00 30.99 + 6.86% 2 30,000 TELEMIG CL PNC* TMGC7 12.60 13.10 10.99 11.70 -10.00% 60 21,830,000 TELEMIG CL ON * TMGC3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL PNB* TMGC6 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEPAR PN * TEPR4 180.00 196.90 178.00 190.00 + 8.57% 62 4,611,000 TELEPAR ON * TEPR3 125.00 125.00 115.00 115.00 - 3.36% 2 8,000 TELEPAR CL ON * TPRC3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEPAR CL PNB* TPRC6 65.02 74.00 65.02 70.00 + 0.01% 40 3,425,000 TELERJ PN * TERJ4 40.00 41.80 37.02 41.80 + 8.57% 322 149,580,000 TELERJ ON * TERJ3 30.00 30.00 30.00 30.00 = 0.00% 6 5,000,000 TELERJ CL ON * TRJC3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELERJ CL PNB* TRJC6 25.90 29.20 25.90 28.00 +10.45% 198 71,700,000 TELESP ON * TLSP3 116.01 130.00 116.01 130.00 +13.04% 33 3,730,000 TELESP PN * TLSP4 180.00 191.00 180.00 191.00 + 9.14% 460 121,530,000 TELESP CL ON * TSPC3 29.00 34.00 29.00 34.00 +16.59% 21 5,750,000 TELESP CL PNB* TSPC6 47.06 54.90 47.06 54.90 +16.80% 166 74,310,000