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Re: [sharechat] Greg and greg are different / greg

From:	"G Stolwyk" <stolwyk@wave.co.nz>
Date:	Sat, 7 Apr 2001 14:31:01 +1200

greg < gregoire

Readers, please read my disclaimer.

greg,

SWLEE has made some solid penetrating analytical contributions over time and he has spent a lot of time on it!

In this case I thanked him for his clarifications of the matters involved; he took some pressure off me at the same time!

If you had carefully monitored my posts on this matter you would have seen references to:

The 40 index. Many funds will only select stocks from this index. FFS will continue to be attractive to them.

It is for that reason that I am monitoring the weekly turnovers of the FFS / FFSPA and the RBC shares.

I suggest that you read the comments and follow these posts, the last one was done on April 6, " ..........Trading results ".

At this stage there is no evidence to suggest that large funds are selling FFS shares and buying RBC instead.

Please read my post of April 5 " ...........RBC> P. Maiden ". It refers to " amusing arrangements " and confirms what we are discussing.

It is the large players who will ultimately decide the prices of FFS and RBC. This is because there are a massive number of FFS / FFSPA shares.

Obviously, at times the small investors could cause a spike on any one day because of excessive demand.

The large funds as well as the small shareholders are waiting for developments and some expectation is built into the FFS share price for that reason.

Trading varied from 31-33 cents and is quite solid. By now, many accept that 32-33 cents is a reasonable price to pay till we get some news from the CITIC receiver!

As to your question, I can only say that I was interested in RBC, and bought some!

But I never held FFS shares and so I had a choice!

Sorry, I won't be able to reply to any further posts on this subject for the time being.

Gerry

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

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