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Re: [sharechat] PRG

From:	"Warner Lamb" <cloud9@i4free.co.nz>
Date:	Mon, 22 May 2000 19:45:55 +1200

Yes, This would definately affect product costs and retail demand. This
would make the acquisition of Hill/Stewart and Farmers/Deka more attractive
wouldn,t it? They could then gain access to the F&P dealership (as per
Franks report) and effectively reduce exposure to $slide.The Farmers/Deka
rumours have been around over a year (see PRG Announcement 17/6/99.PRG,s
business still operates on very small margins and although improving are
very sensitive to Geoffs points of $ and interest hikes.It will be
interesting to see if the new management can sustain the recent return to
profitability


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