Forum Archive Index - August 2000

[Brian Gale <brigale@i4free.co.nz>]

Mike

Isn't there an overriding factor in the whole saga of FLC as to final
outcome of the sell-offs ?

Is the whole enterprise to be wound up are is there an aim to revert to
their core business after the failure of  expansion into areas
outside their basic expertise ?

Might it not be logical for them to fall back to FLB having divested
themselves of the problem areas of  Energy and Forests?  
As you say there is strength in the FLB part of the enterprise.

BG 


At 14:55 12-08-00 +1200, you wrote:

>  
> They are far from all being dogs. Winstone Wallboards is a
> money machine and the quarrying, aggregates and cement business are also
> far from being dogs. Actual EBITs for the year to June 99 and forecast
> for 2000 (ex CSFB)
> are          
>  
>                               
> A99                 
> F00
> Building Products    
> $38m              
> $65m  ($44m from WWB F00)
> Concrete                
> $59m              
> $72m 
> Steel                     
> $(41m)             
> $36m   ($50m write off from China fiasco A00)
> Construction           
> $16m              
> $12m   ($4m write off Aus ops F00)
>  
> TOTAL                   
> $72m               
> $184m
> Interest                  
> $35m               
> $  33m
> Tax                       
> $16m                
> $  47m
>  
> NPAT                   
> $21m                
> $106m                 
>  
> My personal pick is that these results will be exceeded
> although as I said before I have no inside info.
>  
>
> Cheers
> Mike H   
>  
>  
>