Forum Archive Index - February 2001

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Re: [sharechat] 1.THL 2..AFF

From:	"G Stolwyk" <stolwyk@wave.co.nz>
Date:	Wed, 21 Feb 2001 20:09:12 +1300

Latham,

Excellent work!

According to the CEO's letter, we now await an announcement to be made on Feb. 27.

Hopefully, the vet's strike will be over by then!

Last year, I advised them to halve the number of shares - from 204 to 102 mill.

It would take say up to $ 40 mill. profit, before there were any need to increase the number of shares again; that would take at least 3 years!

They were not to sure about this, I think.

I shall approach them again this year!

A buy-back will cost cash and as one of their works is going to be rebuilt in 2002, they won't have that much spare cash available.

Gerry

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