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Re: [sharechat] FFS Again

From:	"Les Mortimer" <les@openmind.co.nz>
Date:	Mon, 14 Feb 2000 15:27:14 +1300

David, I have just had a look FFS chart and it is a very sad picture. The stock has moved to the top side of it's down trend line which is a small positive, however if it can't hold close to the 60c mark it could easily go down to 50c or perish the though 40c as it did in September 98.

Remember it still has court action pending with it's partner Citic and this won't be helping the price to stabalise. I'm not shaw how that is progressing, maybe someone else can up date us in that regard.

I believe that FLP will be the first of the (F) stocks to do well because the company has stated that it will be the first to leave the Fletcher family. Sometime in the 2nd quarter an anouncement is exspected and this should provide a buying opportunity from April on.

I have had 3 nice meals from ffs and hope to again during this year.

Regards Les.

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