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Re: RE: RE: [sharechat] Re- Rubicon

From:	"Bushy B" <bushy132@hotmail.com>
Date:	Mon, 9 Apr 2001 21:05:37 +1200

Mick,

The first two of your reasons as to why RBC may not be much interested in developing RBC, are IMO the reasons why it would want to and should. Think of how much damage an independently owned minnow like Challenge could do to the cosy arrangement if they decide not to "toe the line". The ease with which consumers will shift from one petrol retailer to another means that Challenge or any other retailer is a real threat. The meager $20m valuation on Challenge for the share split would be petty cash for the oil companies to take them out. There is a lot more value in that particular asset than $20m

disc:hold RBC

RE: RE: [sharechat] Re- Rubicon

Subject: RE: RE: [sharechat] Re- Rubicon
From: Mick Clifton <Mick.Clifton@eskimo.co.nz>
Date: Mon, 9 Apr 2001 16:00:29 +1200

Hi Malcolm
I do know if Rubicon will be interested in investing much into this
business.
My basic reasoning being:
1) Loyal customers. Is there such a thing when it comes to filling your
tank?
If it wasn't for my company fuel card, I'd go to the closest station when my
tank is showing empty.
2) Cartel. They're all in each others pockets. When 1 drops the price they
all
do. No one can get a competitive edge.
3) Sites. The likes of Shell & Caltex have good size sites with their "one
stop shop"
setup. For Challenge to put extensive shop facilities in their stations
would cost
a bomb.
I say flick it off to the highest bidder and start buying Mcdonalds
franchises!!
Cheers Mick
-----Original Message-----
From: Malcolm Cameron [mailto:malharcameron@hotmail.com]
Sent: Monday, 9 April 2001 15:28
To: sharechat@sharechat.co.nz
Subject: RE: RE: [sharechat] Re- Rubicon


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

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