Forum Archive Index - March 2000

[Nick Bryant <nbryant@nbr.co.nz>]

simon dallimore wrote:
> 
> I have read the article about the
> botched/stalled/whatever-you-may-like-to-call-it Bry/AirNZ/SIA deal in the
> NZ Herald.
> I have read the article in The Independent today about how the NZ Herald is
> alleged to have misreported the situation.
> I have read Nick Bryant's message on Sharechat today about the situation
> (and I respect Nick's views as an NBR journalist).
> But I have also read a recent article about the entire fiasco in Singapore's
> Straits Times.......and after all of this, I can assure you that I have no
> intention of buying any AIRVB shares at all as I do not believe, despite
> what the BRY/AirNZ PR machines may be saying, that the deal will go through.
> I attach below news extracts from Singapore's Straits Times:
> 
> 1.(from article written by Nicholas Fang)
> Meanwhile, Kay Hian aviation analyst Peggy Mak told the Straits Times
> yesterday that Sir Selwyn's reported demand of NZ$3 was too high a price for
> the shares.
> "It's too high and if it stays at that level, we would rather SIA not go for
> it. It's not a must-have, now SIA has the Virgin deal to fall back on."
> 
> 2.(from article written by Cornelia Tan)
> Said Kay Hian's Peggy Mak: "If, however, SIA fails to get a 40 per cent
> stake and ends up with 25 per cent instead, what will be the impact?
> Ms Mak felt that "it should be either 40 per cent or nothing".
> She added: "If SIA's stake goes below 40 per cent, then they don't have a
> say and will not be able to use this stake to round up their route
> networks."
> 
> We have read the news items emanating from NZ, and now we have the news from
> Singapore. Who are we more likely to believe?
> 
> Simon
> 
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Simon,

all good, fair, valid points from where I'm sitting.

Nick

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