Forum Archive Index - February 2001

[Phil Eriksen <phil@acepay.co.nz>]

Greg McDonald wrote:
> 
> I see SKC's offer of 25cps for FOR as opportunistic and will likely be
> scoffed at by most FOR holders.
> 
> Who in their right mind would sell out at what is a historic low
> price....????
> 
> SKC obviously see the unrealised value in FOR that the market does not
> currently realise.They want it at a firesale price-problem for SKC the
> fire was extinguished last year and this year should certainly be an
> improvement.
> 
> I have some advice for SKC-double the offer and we may be in the same
> ballpark.50-60cps and we maybe have a deal.
> 
> Until then,sling your hook-I'm not biting.....
> 
> DISC-hold FOR

As I read the announcement, they have committed to buy the shares held
by P.Francis.  The Chairman wants out - at a historic low price, as you
say.  Why?

Cheers,
Phil


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