Forum Archive Index - April 2000

["G & A Ingram" <ingram.a.g@xtra.co.nz>]

les

good spotting. hope AQL is involved. getting bored waiting for news.

cheers

amy

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

From: Les Mortimer

To: sharechat@sharechat.co.nz

Sent: Sunday, April 02, 2000 1:59 PM

Subject: [sharechat] Eric Watson punts on Canbet. Could AQL be involved???

The Sunday Star Times has an article today indicating that Eric Watson has taken a 19.9% stake in e-commerce company Canbet which is due to list on the AU stock exchange this week.

Canbet is a bookmaking company bought last November by listed distributor and entertainment company e.tec for $A10.9m.and as a private company has become a leading online betting site in Australia. It is expected to list on the NZ exchange this year.

E. Tec is issuing 90m 20c shares and as many options and is changing it's name to Canbet. At offer price the new company,s market capitalization is $A45.6m.

In the prospectus, Canbet said it would have the support of strategic investors, including Cullen Investments and associates or nominees.

 

Could this be an opportunity for AQL???

 

Regards Les.