Forum Archive Index - March 2000

["Rini H" <the4rs@ihug.co.nz>]

Thanks for your comment Patricia.

If the WAM deal will be done at the upper range of $3.80, that will push the prices up from Friday's market price $3.60 to $3.80 (just like the INL price was pushed up from $3.28 to $4.25).

It's better to buy now on the market at $3.60 (below the price tendered) then watch the price move up to $3.80 when the secondary offer takes place in April.

There's a great possibility, it will catch up to $4.80 (the highest peak in 31Dec 99). A possible gain of 33%.

This is only IMHO, Don't know what any other investor will think though.

Rini

----- Original Message -----

From: Patricia Troup

To: sharechat@sharechat.co.nz

Sent: Saturday, 25 March 2000 08:33

Subject: [sharechat] Waste Management

Rini, the Waste Management tender will be largely taken out by a cornerstone corporate shareholder. Chat amongst those in the know suggests the likely candidate will be Infratil. The institutions will quickly gobble up the balance. Word is that the deal will be done at the upper end of the tender range ($3.80) because equity markets have gotten alot more positive over recent days. Hard to believe you could go wrong in Rubbish (as inevitable as death and taxes) Beginnings of a technically positive chart.