Forum Archive Index - April 2001

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[sharechat] >>>>>>>>>>> 1 RBC = 1.4 FFS + OTHER ASSETS

From:	"G Stolwyk" <stolwyk@wave.co.nz>
Date:	Fri, 6 Apr 2001 12:11:38 +1200

Reader, please refer to the disclaimer at the bottom of this page.

SWLEE,

Thank you for your intensive work and help!

We have a few problems here:

Some contributors will only read the headlines or concentrate on lax statements eg. One contributor mentioned that 1 RBC = " about " 1.4 FFS.

No wonder that the next reader reduces this to: 1 RBC = 1.4 FFS, and therefore omits the large remaining assets of RBC.

A follow on reader will then wonder why we are paying 43 cents for RBC and only 32 cents for FFS !

Before investing, the reader ought to go back to my original post of March 24, then proceed to my post of March 27- Q & A , see featured post on the home page - and finish up with a light hearted post of April 5.

And study the researched analytical comments from SWLEE, made today!

The March 24 post would have gone to Financial institutions who subscribed to Sharechat's email service. It would have gone worldwide!

This Forum is a powerful medium for that reason!

At that time, only some news about valuations or prospective market prices of RBC would have been available!

The RBC directors will never forgive me deducting $ 21 mill. from their valuation and then putting a 41cents market price on RBC, 2 days before listing !

And insult to injury: Forum Contributors decide that RBC should list at only 44 cents; this is exactly half the Director's valuation of 88 cents!

Powerful interests know and have already said that RBC is a good investment. Refer to: " Sharechat " Peter Maiden- of April 4. This refers to comments from AMP about their investment in RBC !

More than 18 mill. RBC shares changed hands yesterday and that alone will flush out some substantial shareholders in the next few days.

Meanwhile, both FFS and RBC are waiting for developments.

I feel that RBC is a good longer term investment with a prospect of returns of capital.

Gerry

( Holds RBC )

Disclaimer.

Readers are not asked to buy, hold or sell shares or any other financial instruments. To do so will be entirely at their own risk!

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