Forum Archive Index - April 2001

[Mick Clifton <Mick.Clifton@eskimo.co.nz>]

look out for an announcement today.

castrol has purchased challenge for 30m.

 

-----Original Message-----
From: O.M.M. [mailto:openmind@paradise.net.nz]
Sent: Sunday, 15 April 2001 04:23
To: sharechat@sharechat.co.nz
Subject: Re: Re: [sharechat] RBC ----- CHALLANGE PETROLEUM

Challenge Service Stations will be loosing big time at present, in fact they haven't turn a profit as yet and won't while the current price war continues. 

Shell turned up the heat on competition after the FEG deal was signed and commerce commission approval was given.

They are very smart cookies and know how to achieve there desired goals.

As a brand Challenge may not survive and RBC will be very fortunate to get a fraction of there investment back if any when loses are factored in.

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