Forum Archive Index - August 2000

["G.P.Thompson" <gp.thompson@bitworks.co.nz>]

One  cant be sure of the price ofcourse but if they want to be in they have
to meet the market. Remember it only takes two to spark off an auction. My
gut feel is that after all the false dawns over the last 5 months that this
is it. Several facts support this view.
1. FCL have always pointed to late August for FFS and whole process
completed by Dec
2. Huge volumes through today. Somebody with deep pockets acting positive.
Maybe even the favoured buyer getting in on the cheap.
3. CEO resignation in May. Replaced by interim appointee.
4. The debt repayment restarting from July
5. Resurgence of rumours.
GPT
----- Original Message -----
From: "Geoff Ewert" <gewert@wai.quik.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Thursday, August 17, 2000 6:39 PM
Subject: Re: [sharechat] FFS Rumours- $1.35 on Mon


> Would Citic`s offer be as high as $1.35?
> ----- Original Message -----
> From: "G.P.Thompson" <gp.thompson@bitworks.co.nz>
> To: <sharechat@sharechat.co.nz>
> Sent: Thursday, August 17, 2000 5:12 PM
> Subject: Re: [sharechat] FFS Rumours- $1.35 on Mon
>
>
> > I've heard of two rumoured possibilites
> > 1 An announcement due tomorrow
> > 2 An announcement due next week.
> > One Asian offer is suspected to be from CITIC which if true will neatly
> tidy
> > up the public spat between them and FFS.
> > GPT
> >
> > ----- Original Message -----
> > From: "Murdoch Dryden" <murdoch@arrowham.co.nz>
> > To: <sharechat@sharechat.co.nz>
> > Sent: Thursday, August 17, 2000 8:00 PM
> > Subject: [sharechat] FFS Rumours- $1.35 on Mon
> >
> >
> > > The Rumour I have heard is an announcement is due Mon. There are
> > apparently
> > > two Asian bids and a rumoured price of $1.35.
> > >
> > > Movements in the market (NZ and US) would tend to lend some
credibility
> to
> > > the rumour. Hope theres some truth in it, have spent some time sitting
> on
> > > FFS.
> > >
> > > Any thoughts??
> > >
> > >
> >
>
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