Forum Archive Index - April 2001

[Greg <g&jelliott@xtra.co.nz>]

Title: Re: [sharechat] AMP and RUBICON> RBC> P. Maiden

Gerry, this situation sounds intriguing...but what does it mean (pardon my ignorance)?

Thanks,
Greg E. (hold FFS, thinking about RBC).
> From: "G Stolwyk" <stolwyk@wave.co.nz>
> Reply-To: sharechat@sharechat.co.nz
> Date: Thu, 5 Apr 2001 00:06:41 +1200
> To: "sharechat.co.nz" <sharechat@sharechat.co.nz>
> Subject: Re: [sharechat] AMP and RUBICON> RBC> P. Maiden 

>  
> 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 <http://www.sharechat.co.nz>  > .This post refers to the RBC / FFS connection.