Forum Archive Index - March 2001

["Ben Dutton" <bendutton@sharechat.co.nz>]

Hi everyone, here's the summary of the ShareChat News from yesterday.

If you'd like to receive notification of breaking news stories and features
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Yesterday's ShareChat News:


Fletcher Vote Still On

Fletcher Challenge says the special shareholders meeting due to take place
next week to vote on the company's separation process will go ahead despite
a new bid for Fletcher Energy.

http://www.sharechat.co.nz/articles/20010228-FEGvoteon.shtml

**

Fletcher Energy Fires Ahead

A strong interim result from Fletcher Energy is likely to fuel the argument
that Shell and Apache are getting a cheap deal for the company.

http://www.sharechat.co.nz/articles/20010228-FEGhy2001.shtml

**

Write-down Hits Fletcher Forests

As expected the write-down of its Central North Island Forestry Partnership
has weighed heavily on the interim result from Fletcher Forests, with the
company recording a loss of $498 million.

http://www.sharechat.co.nz/articles/20010228-FFS-hy2001.shtml

**

Profit Plunges at Fletcher Building

A drop in earnings and a slew of unusual losses has forced Fletcher Building
to take a dive into the red to the tune of $46 million - a dramatic
turnaround on the previous interim profit of $41 million.

http://www.sharechat.co.nz/articles/20010228-FLBhy2001.shtml

**

Lawyers to Rule on Montana Raid

The Market Surveillance Panel has appointed three lawyers to rule on whether
Lion Nathan breached NZSE rules in buying shares in Montana without adhering
to the Exchanges 'notice and pause' provisions.

http://www.sharechat.co.nz/articles/20010228-MONjudgesrule.shtml

**

Bendon Warns of Lower Earnings

Lingerie maker Bendon is the latest casualty in the Australian retail
downturn and says a flat market there will see a drop in earnings for the
year ended March.

http://www.sharechat.co.nz/articles/20010228-BENearningswarning.shtml

**

Marketing Push Increases WDT Loss

Increased sales and marketing costs have almost doubled the half-year loss
for Auckland-based innovator Wellington Drive Technologies.

http://www.sharechat.co.nz/articles/20010228-WDThy2001.shtml

**

AMP Bounces Back

Insurance and financial services company AMP has achieved a strong financial
comeback, reporting an after tax profit of A$1.152 billion compared with the
previous year's A$424 million loss.

http://www.sharechat.co.nz/articles/20010228-AMPfy2000.shtml

**

Southern Capital posts Steady Profit

Investment company Southern Capital has posted a small improvement in
half-year profit to $542,000.

http://www.sharechat.co.nz/articles/20010228-SCLhy2001.shtml

**

Best Regards,

The ShareChat Team


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