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Our greatest stock market investor ever(biggest punter) can't see much value at the minute,

But the world has changed since the tech boom. The plays will be primarily old economy; they will be opportunistic."

The group plans to take a "scavenger approach" in a market where it believes a lot of companies are undervalued.

Kinda wipes out the 15mil lost on One tel,

But one of Kerry Packer's punts is about to pay off, with CPH set to receive a profit of nearly $US50 million ($92.8 million) in cash for its 19 per cent stake in listed British mining company Brancote Holdings, which earlier this month said it would merge with US gold giant Meridian Gold.


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