Forum Archive Index - December 2000

[Mick Clifton <Mick.Clifton@eskimo.co.nz>]

Here Here!!

But why does this share gather momentum so soon?

Is there a valid commercial reason?

Rgds Mick

 

-----Original Message-----
From: Grant Keymer [mailto:grant@jenlogix.co.nz]
Sent: Tuesday, 12 December 2000 11:35
To: sharechat@sharechat.co.nz
Subject: Re: [sharechat] Forests

Hi Geoff

 

I can't see any reason why the gap between FFS and FFSPA should be more than 1-2c unless Fletcher Forests looks like being liquidated (extremely unlikely in my view).

 

The 61% take-up of rights was heartening, a lot better than many doomsayers were forecasting.

 

You will have noticed the 2 shares tracking each other within 1 cent since the start of trading for FFSPA on Thursday.  Usually FFSPA seems to have been leading the way, which is I guess what you would expect.

 

And also, there is sometimes more volume in FFSPA than FFS, but today is the opposite.

 

It's great how quickly this train is gathering momentum though, and I for one am very glad I didn't sell out, but took up the rights and got on board!

 

In fact it's a good day for the NZSE as a whole.

Good luck to all of us who had the balls to stay in during a very difficult year!

 

Cheers

 

Grant Keymer
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