Forum Archive Index - December 2000

Please note usage of the Forum is subject to the Terms & Conditions.

Messages by Date [	Next by Date	Previous by Date ]
Messages by Thread [	Next by Thread	Previous by Thread ]
Post to the Forum [	New message	Reply to this message ]

Printable version

[sharechat] Fletcher Energy

From:	"Gary Rountree" <gary.rountree@xtra.co.nz>
Date:	Tue, 5 Dec 2000 21:28:04 +1300

I'm interested in opinions selling versus holding this stock

By my workings this stock is theoretically worth $9.83 (using exchange rate of 42c,Capstone price of around USD20 - where can I find an uptodate price? and valuing Rubicom at the $1.20 in the original bulletin)

Todays price of $8.38 is at a discount of around $1.45 (17%) and for those currently selling (assuming Capstone price remains static) the currency would need to firm 17% to 49c

Presumably all the arbitragers are moving and mopping up all the depressed sales and hedging the currency. Are there any cost effective ways of achieving the hedge for a small investor?

Anyone have any views?

Regards

Gary

Messages by Date [	Next by Date:	Re: [sharechat] Re: FFS Gerry Tyler-Smith
	Previous by Date:	[sharechat] Eldercare Thanks Kelvin ]
Messages by Thread [	Next by Thread:	[sharechat] Eldercare Thanks Kelvin
	Previous by Thread:	[sharechat] LAC and LACO: Progress. G Stolwyk ]
Post to the Forum [	New message	Reply to this message ]