Forum Archive Index - May 2001

Please note usage of the Forum is subject to the Terms & Conditions.

Messages by Date [	Next by Date	Previous by Date ]
Messages by Thread [	Next by Thread	Previous by Thread ]
Post to the Forum [	New message	Reply to this message ]

Printable version

Re: Re: [sharechat] RBC

From:	"G Stolwyk" <stolwyk@wave.co.nz>
Date:	Wed, 2 May 2001 13:28:30 +1200

Nigel,

By implementing the NZSE rules, an investor has to declare its increasing stake when certain levels are reached.

I presume that the very important 10% level is one of them.

( The investor declared 10.18% )

He may stop or keep on buying.

Others are also increasing or decreasing their stakes as trading proceeds; even if one investor withdraws, shares are still being sold!

At a price of say 34 cents for the FFS share, RBC is being bought @ 1.4* FFS or 48 cents.

The RBC buyer also gets some additional assets, worth 28 - 35 cents / share free! References: My posts of March 24 and March 27, 2001; SWLEE's post of April 6, 2001.

Yes, there will be a continuing good demand for RBC shares, but the real games in town just now are the disposal of the Forest Partnership assets and any possible sale of FFS; not necessarily in that order!

Gerry

Messages by Date [	Next by Date:	[sharechat] RBC - NZSE 40??? mark walley
	Previous by Date:	[sharechat] RE---RBC Earle Tute ]
Messages by Thread [	Next by Thread:	[sharechat] RBC David
	Previous by Thread:	Re: [sharechat] RBC Nigel Wilson ]
Post to the Forum [	New message	Reply to this message ]