Forum Archive Index - April 2001

["SWLEE" <SWLEE@xtra.co.nz>]

Mike,
Is a sale pending?
For every $3.52M over and above $20M RBC gets for the sale, it would
increase the RBC asset by 1c per share, so one can naturally assume it would
add 1c to its share price until they decided to redistribute to the proceed
back to the shareholders

My understanding from FCL reports is that  RBC will need to improve the
operation aspects of this asset before they are able demand a higher resale
price for the divestment.
Cheers

----- Original Message -----
From: Mick Clifton <Mick.Clifton@eskimo.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Sunday, April 08, 2001 9:45 AM
Subject: RE: [sharechat] Re- Rubicon


> Hello all
> I appreciate there's been a lot of "chat" about Rubicon during the last
> couple of weeks. Plenty of thoughts about direction and price.
> But can someone give me their opinion on Rubicon if they sold
> the Challenge petrol business. Granted there's many variables to consider,
> what with sale price etc but just an idea on what it could do to its share
> price.
> Any thoughts greatly appreciated.
> Thanks Mick
>
> -----Original Message-----
> From: Graham Dekker [mailto:graham_dekker@hotmail.com]
> Sent: Wednesday, 4 April 2001 22:25
> To: sharechat@sharechat.co.nz
> Subject: [sharechat] Re- Rubicon
>
>
> Yes it's nice that they have a lot of FFS shares and that they are
> undervalued....
>
> But what is Rubicon's business plan???
>
> Suppose they sell FFS and invest the money in something bloody
> stupid.....then what?????!!!!
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