Forum Archive Index - July 2000

[Chris <cd@ak.planet.gen.nz>]

Brian,

Have just this minute heard from Mohindar Randhawa of Cullen Investments. 
 ELD referred my query to him.

As Warner alluded, the TOTAL interest(direct and indirect) of Cullen, 
Watson etc in RMG is 26.46%.  This includes the Cullen interest held 
through ELD of which Cullen is also a shareholder.  The ELD interest in 
RMG remains at 12.7m which is about 2.6% or say $4.7m worth.

Yes the July 10 announcements are confusing and inaccurate at first 
glance.  They could have been written more succinctly.

Anyway the outcome is a nothing.  Hope nobody punted ELD.

Chris D  

>Not a good start to the week with the NZSE 40 down 21 points
>
>I thought to blame it on the heavyweights but it is pretty much across the 
>board.
>
>RMG.....the optimistic hopes have not been reflected in the price. :>(
>
>GDC seems to be the bright star where a major holder put 300k on the market 
>and the price went up 24 cents.
>
>ELD  any further news of that shareholding ?  Their price crept up 2 on low 
>volume
>
>BG

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