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[sharechat] Frucor announcement

From:	"Ben Dutton" <bendutton@sharechat.co.nz>
Date:	Thu, 18 Jan 2001 16:08:36 +1300

Following Frucor's announcement this morning that the company would fall
just short of its prospectus' revenue figures it seemed that Steve and
Warner were right in predicting the share price would fall.

Indeed, it did fall - to $1.95 (this after hitting $2.04 out of the gates
this morning).  But then some more buying pressure came in - especially
intriguing was a large chunk scooped up by Credit Suisse First Boston just
before close of trading which pushed the price back up to $2.00

End result?  Frucor down 2 cents on the day.  It will be interesting to see
the movements in Frucor tomorrow as investors digest the news - ShareChat's
article is here:

http://www.sharechat.co.nz/articles/20010118-FRUrevenuehyr2001.shtml

Best Regards

B Dutton
(disc. do not hold FRU)


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