Forum Archive Index - June 2000

["Richard Hooper" <hoop@ihug.co.nz>]

With all this due diligence stuff going on with FFS and FLP dont be
surprised if some debt isnt taken up by the other sectors within the group.
This could make the valuations by outside parties be suspect.  Me ??? FFS @
$1.50 sounds average, anybody else with a guess?
  Hoop


----- Original Message -----
From: Murdoch Dryden <murdoch@arrowham.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Wednesday, May 31, 2000 4:34 PM
Subject: re: [sharechat] flp - ffs


> Hi Les
>
> I agree. The value of the NZ dollar and the current valuation of Fletcher
> stocks against a background of good commodity prices (they are probably
> peaking in their cycle) make them a good target for corporate activity.
> have taken a strong position in building and forests but risks lie in
> Fletchers ability to complete the sale process. Indications are that they
> are committed. The departure of the FFS CEO, a proponent of simply
> restructuring FFS, is an indication of this committment.
>
> Issues lie with the time frame and the value of the final sale. FFS is
> apparently first on teh block. I have heard valuations between .95c and
> $2.00.
>
> There are those who aren't so positive, (see FFS valuation, an earlier
> thread).
>
>
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