Forum Archive Index - March 2001

["charlie brown" <gordy_gecko@hotmail.com>]

Brian

1) Fay and Richwhite are no longer involved with FR Partners

2) And Shell have shown a great interest in small shareholders by trying to 
screw them for a bargain basement price?

The sale and separation will go ahead - the issue is to who?

3) I find it interesting that Michael Andrews discounts Peaks bids 
off-the-cuff, yet Shell felt compelled to raise there original miserly offer 
when someone else becomes interested in the assets.

Don't there actions reflect those of someone who feels threatened that they 
miss out now that the stakes have been raised?  Michael's message seems to 
be that it wasn't really necessary as Peak are a bunch of "also rans".

C'mon Mike, wake up you ol dinosaur, the sale process may take a bit longer 
than you expected meaning less time on the course and with a rod in hand.

CB



>From: "Brian Jones" <ibbij@hotmail.com>
>Reply-To: sharechat@sharechat.co.nz
>To: sharechat@sharechat.co.nz
>Subject: [sharechat] FEG
>Date: Mon, 05 Mar 2001 20:09:09 +1300
>
>
>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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