Forum Archive Index - May 2001

["Michael Phillips" <michael.p@paradise.net.nz>]

From: "Share Boy" <jj_martinz@yahoo.co.nz>

> Any ideas on what to do with my Contact shares, should
> I wait till Edison move in - or try and off-load
> before then...

To the best of my knowledge CEN are making an announcement to the market
tomorrow.  This could help you make up your mind on whether to wait for
them to go ex-div and try your luck, or whether to sell beforehand.

Having said that, by the time the market hears the news it may be too
late to off-load at a price you deem acceptable.  Judging by the closing
price today even if you sell at the lower end of their price range, I
would think you'd break even.

Regards
Michael
===

Disc: hold CEN (just) - waiting to see what price is on offer
ex-div.




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