Forum Archive Index - September 2000

["nick" <acummin@es.co.nz>]

        Over the last few months the nz herald has run a number

of stories about the fletcher stocks, most have turned out to be

just unsubstantiated rumour.

   Question is are they right this time?. A bid for building at 2.85.

          I was hoping for at least 3.00 but in the present climate i guess

2.85 is better than nothing.

         If there is to be an announcement it will probably be very soon,

 their profit announcement contained the following

 

Unless the separation process results in a third party sale recommendation,
the Directors intend that Fletcher Challenge Building will declare a final
dividend of 8cps (record date 29/09/2000).

 

       This would point to an announcement before that date, we will be deprived

of a nice juicy dividend although the share price will probably jump up to around

1.70-175.

        This is of course assuming that the story in the herald is correct.

 

 nick