Forum Archive Index - April 2001

["Malcolm Cameron" <malharcameron@hotmail.com>]

Mick & Gerry
rubicon could do a lot better to work on it first then there would be a lot 
more premium. the last big chain of service stations in prime sites non oil 
company owned was not for sale when one of the big oil companies waved that 
much cash under there nose they could not refuse it should be worth 15 
million to them to stop GULL geting the distribution facillities alone.
this is MHO
malcolm cameron


>From: Mick Clifton <Mick.Clifton@eskimo.co.nz>
>Reply-To: sharechat@sharechat.co.nz
>To: "'sharechat@sharechat.co.nz'" <sharechat@sharechat.co.nz>
>Subject: RE: RE: [sharechat] Re- Rubicon
>Date: Mon, 9 Apr 2001 14:40:31 +1200
>
>Thanks Gerry
>It would be good for Rubicon if Gull & Caltex started a bidding war for
>Challenge.
>I wouldn't have thought that the Commerce Commission would put a "block" on
>Caltex
>going for it.
>Mick
>
>-----Original Message-----
>From: G Stolwyk [mailto:stolwyk@wave.co.nz]
>Sent: Monday, 9 April 2001 14:22
>To: sharechat.co.nz
>Subject: Re: RE: [sharechat] Re- Rubicon
>
>
>
>Mick,
>
>I think that it will go for more than $ 20 mill. irrespective of their
>market share.
>
>You will recall that at first Challenge caused problems with price cutting
>and when Gull stepped in, another potential headache arrived on the scene.
>
>Competitors would be keen to get rid of at least one of these two
>companies!!
>
>As there are more companies in the market, the Commerce Commission may
>approve a sale to existing companies and Gull would get such an approval
>first!
>
>If both Gull and Caltex think that they have something to gain in securing
>additional critical locations and / or securing the supply installations at
>the ports, then so be it!
>
>
>Gerry
>
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