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Re: [sharechat] FFS and FBL

From:	"greg" <gregoire@paradise.net.nz>
Date:	Mon, 29 Jan 2001 10:24:50 +1300

A lot of analysts indicate FFS to be worth around 50cps (and this is at the bottom of the commodity cycle). People investing in FFS hope that the restructuring will unlock this value - with some of the longer term investors recovering their investment. Also once the company becomes stand-alone it could be the target for takeover bids. All of this seems rather independent of the NZ economy.

FLB is more reliant on current industry conditions. But activity seems to be increasing in the building sector both here and across the Tasman.

As for entry prices, I would be happy picking these stocks up for the prices you suggest.

Regards,

greg

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