Forum Archive Index - March 2001

["Brian Jones" <ibbij@hotmail.com>]

Interesting to see the backers of the latest FEG interest appealing to 
investor's sense of nationalism!
I gather Fay-Richwhite are involved. Fay and Richwhite having taken their 
fortunes out of NZ and now living in Switzerland. Anyone thinking that these 
two may have NZ and its financial well-being in mind should re-read Brian 
Gaynor's Herald articles on the subject to see how much they have done in 
the past for the investors in this Country.
In my experience,  Fay-Richwhite, and GPG for that matter, don't have a 
great record of caring for small shareholders of companies they have had an 
interest in.
Those planning on voting against the sale of FEG to Shell need to be very 
clear of the risks to the capital value of their investment if the sale and 
hence the separations don't go ahead.

Disc. HoldFLB&FFS (sold FEG months ago at $9.35)
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