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] Frontline Finance cashing up.

From:	Derek <dkw@paradise.net.nz>
Date:	Sun, 10 Dec 2000 09:26:36 +1300

For those interested in FFH who are not shareholders and won't have got the
recent mailout, FFH is selling off it's finance companies to Pine Gould
Corp for $20 m. Here's a quote:

"Post sale the net tangible asset value of each FFHL share will be between
53.0 and 54.0 cents, a significant proportion of which will be represented
by cash."

It seems that almost all of the assets will be in cash. 
This reminds me a little of SEU, let's hope that it doesn't take FFH as
long as SEU to decide what to do with the money.

Derek

(FFH is on the unlisted board, currently 40-45c)



----------------------------------------------------------------------------
http://www.sharechat.co.nz/          New Zealand's home for market investors
http://www.netbroker.co.nz/        Trade on Credit, Low Brokerage. Join now.
----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/forum.shtml.

Messages by Date [	Next by Date:	[sharechat] Fletcher forests - what did you guys decide nick
	Previous by Date:	Re: [sharechat] Stock Exchange Merger Derek ]
Messages by Thread [	Next by Thread:	[sharechat] Stock Exchange Merger RIL
	Previous by Thread:	Re: [sharechat] Fletcher forests - what did you guys decide Derek ]
Post to the Forum [	New message	Reply to this message ]