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RE: [sharechat] ITC


From: Mike Nelson <bb2345@ihug.co.nz>
Date: Fri, 27 Oct 2000 13:22:03 +1300


Hi John and Joanne,

I have a letter here from ITC saying that the Class 008 share options
expire on the 29th October.

MN



At 12:43 PM 27-10-00 +1300, you wrote:
>Hi Joanne
>The shareprice has dropped a lot lower than the exercise of options should
>have caused it to. I'm not sure that all the options have  been exercised.
>I think the last day for this is October 31, Tuesday next.  Would you care
>to elaborate on why you do not think much of ITC's portfolio?
>I'm still holding, in fact  bought more recently.
>Cheers,
>John 
>
>
>
>               -----Original Message-----
>               From:   Joanne James [mailto:jojames@ihug.co.nz]
>               Sent:   Thursday, 26 October 2000 18:38
>               To:     sharechat@sharechat.co.nz
>               Subject:        [sharechat] ITC
>
>               The options have been converted to shares now so I presume
>that ITC has had
>               a cash injection. There are now more shares on the market
>which is why the
>               shares are priced so low. It's portfolio is not exactly
>stunning where does
>               ITC go from here and are the shares worth buying at this
>price? Anyone got
>               any thoughts cheers.
>
>
>       
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