Forum Archive Index - April 2001

["G Stolwyk" <stolwyk@wave.co.nz>]

 

Peter,

 

Thank you for your post of April 4, 2001.

 

We may also count on AMP staff being ardent readers of this Forum!

 

You may recall my query to the NZSE re RBC entering the 40 index: see my post of March 29.

I found out that RBC will not be in that index till at least the end of April!!

 

This matter is important as large overseas funds may select companies from the 40 index, assuming they make an investment.

 

We now have some " amusing " trading arrangements:

 

1. Those " in the know " buy RBC.( 1 RBC= 1.4 FFS + other assets ).

 

2.Those overseas and other funds who will only buy the 40 index, will buy FFS shares!!! 

 

3.Some overseas people who are not aware of the potential value of RBC, will sell this stock and buy back FFS !!! 

 

The statement that 1 RBC= ( 1.4 FFS + other assets ), was first made on March 24 and on this FORUM site!

 

It was made 2 days before trading of RBC started!

 

Cheers,

 

Gerry   

 

PS: Ben, thank you for featuring my post of March 27 on the home page of < www.sharechat.co.nz > .This post refers to the RBC / FFS connection.