Forum Archive Index - May 2000

["G Christie" <bayvu@ihug.co.nz>]

Some of these postings might be considered "ramping" in my opinion.
Flavour-of-the-month changes; we've had SMR, AQL, Lakes Oil, SPE and , dare
I say it, ITC. You'll know all the ones I've missed. I guess one might hit
the mark one day. Cheers
-----Original Message-----
From: chas innes <crjinnes@yahoo.co.nz>
To: sharechat@sharechat.co.nz <sharechat@sharechat.co.nz>
Date: Tuesday, 23 May 2000 21:53
Subject: [sharechat] True value of FFS - 70c?/ CEN surge reason


>Was talking with my broker today and he told me that
>FFS was trading well above its true value of around
>70c (bearing in mind it has some $700m in debt). If
>that is the case, surely no buyer would be wanting to
>pay more than "true value" for this company?
>
>Also there is no foundation to the rumour spread on
>Sharechat that funds-strapped Edison will be
>increasing its stakeholdings in CEN. Rather it is
>seeking funding to provide a $20m letter of credit to
>remedy a breach of debt agreement caused by CEN low
>share price.
>
>
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