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[sharechat] BRY ntav (2)

From:	"DR" <kat47@bigfoot.com>
Date:	Thu, 15 Feb 2001 15:34:10 +1300

Thoughts on Thistle.

Brierley may have been best to distribute Thistle shares to its shareholders on the basis of say 8 Thistle for every 100 Brierley held. The ntav of Thistle is 242p per share and the price is reputedly held back by the overriding influence of the BRY 45.9%.

If THO then rose to 200p this would give each BRY holder 53.3c/share on sale with the remaining assets intact.

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