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[sharechat] FlLP opportunity

From:	"Mike Hudson" <mikehudson@clear.net.nz>
Date:	Fri, 7 Apr 2000 20:40:18 +1200

This is one for Hugh. Norske are buying FLP shares for $2.50, the deal is
supposed to be settled in July. Assuming that payment is made on 31st July
and brokerage is payable at 1.5% the gain will be 7.1% based on a current
share price of $2.30. This is an annualised return of 24% tax free - not
bad.

The only risk is that the deal will not go through and as the guilty party
has to pay the other $200m in compensation in this eventuality it is a small
one. Even if the deal is delayed a month the return is still 18%

Cheers
Mike H

Disclosure: Just bought heaps of FLP


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