Forum Archive Index - June 2000

["Philip Robinson" <robph639@student.otago.ac.nz>]

Roy,

 

I suspect that they are going to have to start buying more as they approach 3.10 as a whole lot of little fish bale, and I would not be surprised if Contacts climb is somewhat going to be slowed above the 3.10 - 3.15 range. You seem to be keeping a good eye on them, you thinking of bailing? or are you a big holder.

My cynical side thinks that the buy back has achieved its purpose securing the CEO with a bigger bonus than he would have (purely and wholely my opinion). What's your take on matters.

 

Cheers

Phil

----- Original Message -----

From: Roy

To: sharechat@sharechat.co.nz

Sent: Tuesday, June 13, 2000 3:48 PM

Subject: Re: [sharechat] CEN buyback 1.2% from NZSE

I have been plotting the buybacks (have an excel spreadsheet if you are interested).

Interesting in an odd sort of way :)

By my calculation their average buyback shareprice is $2.57 for a spend todate of some $15.8 million.

Todays notice is for the largest amount of shares (350,000). Would be interested to see what their end of year (presume end of June) target is?

Roy Edwards,
Internet Auditor
"Getting the most out of your Internet presence. "
<http://www.internet-auditor.com>
Ph ++647-578-0324
PO Box 126, Tauranga, New Zealand.