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[sharechat] WAM

From:	"John H T Wilkinson" <jhtw@clear.net.nz>
Date:	Fri, 11 Feb 2000 20:01:30 +1300

Waste Management - parent Co selling out.

Any views on the impact of 60.5% of the shares being placed on the market through a secondary offering to the Public & Institutions?

Today's price $4.10, down 2¢. Four trades, very low volume - 7,063.

My guess is that the offer price will be below $4.00 to quit such a large holding, particularly if the Parent Co needs the cash!

For those with the wine out there and like running competitions this could be your chance!

In August last year I was reading a report on Energy Developments (ENE) which is listed on the ASX.

Price at the time was A$4.55, today A$11.88. It has landfill sites and is extracting the "Gas". I don't know if WAM is into that aspect of it. There is money in Muck.

Cheers,

John Wilkinson

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