Forum Archive Index - November 2000

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

       Arnt rubiconstill gonna buy a big chunk at 40c a share?
 that would change your maths a little
     nick


> Harry,
> No quibbling with your maths but would comment as follows. You may pay
> 25cents for something [in this case a new ffs share]. That does not mean
> that the share is "worth" 25 cents, just that you paid that much for it.
> Something is only worth what somebody else is willing to pay for it .....
no
> more, no less.
> Cheers,
> John
>
>
>
> -----Original Message-----
> From: Harry Jones [mailto:hjones@mail.scis.ecu.edu.au]
> Sent: Thursday, 9 November 2000 17:09
> To: sharechat@sharechat.co.nz
> Subject: Re: Re: [sharechat] FFS Rights
>
> Peter,
> No one seems to have answered your query so here is my
> schoolboy arithmetic.
>
> A FFS share is currently about 32 cents. When the two rights
> are issued and
> somebody has paid the 25 cents each for them, three shares
> in FFS should be worth
> 32 + 25 + 25 = 82 cents. 82 / 3 = 27 or thereabouts. If one
> exercises the rights one
> makes 2 cents on each but on the other hand one loses five
> cents on the original
> share. It is hard to become a millionaire.
>
> Harry Jones
>
>
>
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