Forum Archive Index - October 2000

["Ben Dutton" <bendutton@sharechat.co.nz>]

Hi everyone, here's the summary of the ShareChat News from yesterday.

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Yesterday's ShareChat News:


D-Day For Fletcher Challenge - Market Slams Building & Forests

After months of market speculation, Fletcher Challenge today announced the
results of its restructuring program. Energy is to be sold to Shell and
Apache Corporation, while Building and Forests will be separated as
stand-alone listed entities with Forests also being re-capitalised.

http://www.sharechat.co.nz/articles/20001010-FLCrestructure.shtml

**

FFS Investors Promised Value - But When?

Fletcher Challenge says recapitalising its Forests division via a rights
issue will bring shareholders more value in the long run than by selling the
entire division or selling forests assets to fund the recapitalisation.

http://www.sharechat.co.nz/articles/20001010-FFSrecap.shtml

**

Fletcher Building Re-Focuses on New Zealand

E-commerce and more research and development activities in New Zealand are
on the cards for Fletcher Building, which will stand alone as a separate
public listed entity following the Fletcher Challenge restructuring.

http://www.sharechat.co.nz/articles/20001010-FLBrefocus.shtml

**

Profit Warning from Tranz Rail Amid Structure Shake-up

Listed transport company Tranz Rail has warned its result for the first
quarter of the 2001 financial year will be negatively impacted by a huge
leap in fuel prices.

http://www.sharechat.co.nz/articles/20001010-TRHrestructure.shtml

**

Port of Tauranga in New Alliance

The Port of Tauranga has taken the first step in what it hopes will lead to
a world-wide strategic alliance of leading ports.

http://www.sharechat.co.nz/articles/20001010-POTalliance.shtml

**

Tasman Agriculture Sells More Properties

Listed corporate dairy farmer Tasman Agriculture has sold six Canterbury
properties to agriculturist Alan Pye for $34.25 million - a transaction that
has been called the largest single rural real estate sale this year.

http://www.sharechat.co.nz/articles/20001010-TASpyesale.shtml

**

Best Regards

The ShareChat Team



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