Forum Archive Index - September 2000

[tonysw <tonysw@xtra.co.nz>]

With all this talk about FLB, where exactly does this leave FFS???

Tonyw

> nick wrote:
> 
>         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
> 
>

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