Forum Archive Index - May 2000

[kevin.young@gfmb.co.nz]

Below is an extract of a report sent to me today.


I  find  it  interesting  how  changes,  which are seen by many as negative, can
create  opportunities  for  others.  Last  night  I  went  to  a presentation by
?Receivables  Management Group?, which is the company being backed into Frontier
Petroleum.    RMG  see  a  huge  opportunity  in  Australia  from  the  upcoming
introduction  of  GST.   They  believe  that a large number of companies are not
prepared  or have not understood the cashflow implications of GST, and this will
give them the opportunity to work for companies which they presently do not have
relationships with.
     RMG look likely to be a strong competitor to Baycorp.  RMG expect to have a
revenue  forecast of A$51.3 million  for year to 30 June 2000 and A$57.5 million
for  June  30  2001.   RMG expect to have 9% of revenue from New Zealand and 91%
from Australia. If they can put all parts of the new merged entity together, RMG
looks to have very good growth opportunities.


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