Forum Archive Index - January 2000

[Osbert Sun <osbert.sun@xtra.co.nz>]

Chris,

The sharp rise in price of RVS shares might be powered by the stock's performance on ASX. I notice that there was a single transaction for 2 m shares on NZSE today with the order I suspect coming from overseas investors. Over 12 million shares traded on ASX today with the price went up to AU$0.33. It is a good stock for long term. But in short term, the price may go up a bit further (hopefully). The SSHs of Revesco include Colonial Ltd and AMP Ltd. I recall that not long ago RVS placed some 60 m RVS shares with institutional investors at AU$0.32 each. So far I have not seen any news with regard to the stock. Has anyone seen any announcement on ASX?

Regards
Osbert Sun

 Revesco went up almost 20% on turnover of $1.1m today.  Any news you're aware of?  (Dont want to sell too soon if there's something exciting going on :)