Forum Archive Index - May 2001

["Christopher" <devereux@voyager.co.nz>]

Chris, I'm not convinced that we will see CAH proceed with an offer for CNI. Suspect that they have sufficient forestry assets under lock and key . So why ask the Commerce Commission if they can proceed ? Ask FBU why they keep applying for permission to acquire STU. Keeps their options open I suspect. CAH have probably chewed their way through a fair chunk of the COPEC funds by now , meaning more bank debt and / a cash issue  and / an overseas partner to assist with acquiring the CNI assets. CAH are probably more interested in further downstream operations.

 Most analysts continue to dislike CAH on fundamentals, however using looking at a chart over the last 18 months (  which is a reasonably long time period) and using a 30 week moving average ( which is a reasonably conservative period) , the stock remains in an uptrend, to the analysts chagrin. technically the stock remains a 'bu

 Certainly if the CNI assets are cheap enough, they may well have a crack at them.

  Hope my  comments provide some food for thought . Mark.

----- Original Message -----

From: Chris Donald

To: sharechat@sharechat.co.nz

Sent: Thursday, May 17, 2001 11:19 AM

Subject: Re: [sharechat] RBC Sell????

Also interesting to note a couple of things from the press.

1.  MAF and China are forming closer links due to the proposed massive increase in log exports to China and,

2. CAH are looking at building another wood mill (900,000 m3) but have not yet made a final decision on its location.  I would presume that if they got the CNIFP assets it might be closer to Taupo.  Someone is still interested in trees!!!

 

Chris

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