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Re: [sharechat] FFS / FFSPA and RBC>>>>>> Trading results

From:	"G Stolwyk" <stolwyk@wave.co.nz>
Date:	Sat, 14 Apr 2001 00:58:10 +1200

My previous report was posted on April 6, 2001.

There was subdued trading up to Thursday noon ( Easter H.)

Volumes were reduced as the week progressed and there were no specific volume patterns.

At times, the FFS shares were trading 1 cent higher than the FFSPA shares and closed accordingly @ 34 cents.

We need to keep an eye on future price differentials, bearing in mind that RBC has a relative high number of FFSPA shares but only 75 mill. FFS shares or < 10 % in this class.

( Assuming everything is accounted for, RBC will have a total of 492 mill. shares or 17.6% of total Forest shares ).

As to RBC, contributors discussed the effect of possible higher prices for the Challenge Petroleum and Fletcher Challenge Fuels.( Fuel terminals and petrol stations ).

However, shareholders of these companies are awaiting forestry developments.

I don't see any need to produce further reports.

Gerry

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