Forum Archive Index - March 2000

["Matthew Van Veen" <mattvanveen@hotmail.com>]

I listened to the business report on newstalk ZB last evening and they also 
mentioned this on their programme. It was an original investment of about 
$30m possibly turning into $180m as stated. Plus with oil prices still 
rising FEG is underpriced about $1.50 but so are most main stocks. Time will 
tell I suppose. $4.50 - $4.70 seems to be a resistance level which they may 
be about to break through. If it can I feel it can go somewhere between 
$5-$6 in the short term.


>From: "Ben Dutton" <bendutton@sharechat.co.nz>
>Reply-To: sharechat@sharechat.co.nz
>To: <sharechat@sharechat.co.nz>
>Subject: Re: [sharechat] Fletcher Energy
>Date: Wed, 8 Mar 2000 09:45:01 +1300
>
>Hi Kevin,
>
>Check this out from the NZ Herald this morning...
>
>http://www.herald.co.nz/storydisplay.cfm?storyID=124757&thesection=business&;
>thesubsection=
>
>Within the article is says:
>
>"The other positive spin for the company was an industry publication
>suggesting Fletcher Energy's 12 per cent stake in Capstone Turbines could 
>be
>worth up to $US180 million ($377 million) which, by brokers' conservative
>estimates, could add around a dollar a share.
>
>The privately held California-based research and development company is 
>said
>to be considering an initial public offering. An indicative price values 
>the
>company at $US1.5 billion."
>
>So it seems that your broker was speaking the truth...
>
>Thanks
>
>Ben
>
>
>
>----- Original Message -----
>From: <kevin.young@gfmb.co.nz>
>To: <Sharechat@sharechat.co.nz>
>Sent: Wednesday, March 08, 2000 10:35 AM
>Subject: [sharechat] Fletcher Energy
>
>
> >
> >
> > Yesterday one of my broker told me that he heard a rumour that Fletcher
>Energy
> > has sold one of their US based company/assets and that as a result of 
>the
>sale
> > it should add $1 to the share price.
> >
> > Now before anyone jump on my back l do not hold any FEG shares and the
>broker is
> > from a respectable firm. I do not know if FEG do in fact hold any US 
>based
> > company/assets.
> >
> > Can anyone provided any comments to the validity of this rumour.
> >
> > Kevin
> >
> >
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