Forum Archive Index - May 2001
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Re: [sharechat] TEL - Shareplacement
Chaps
Not really worth wasting the breath, but ask yourselves if you were a large institutional investor why would you buy at mkt price? what is in it for them?
TEL had tried the placement in the US and were red carded
Craig Heatley - good operator (no great operator!!). An opportunist that will be a significant loss to the country if he does not return (akin to Gerry not being the pinnacle of sharechat).
>From: "Byork B"
>Reply-To: sharechat@sharechat.co.nz
>To: sharechat@sharechat.co.nz
>Subject: Re: [sharechat] TEL - Shareplacement
>Date: Tue, 22 May 2001 23:45:48 -0000
>
>$5.50 - it that all. Useless. After the positive announcements
>last week
>you would think they could obtain a better price. TEL is certainly
>showing
>us their successful negotiation skills. Well done. Couldn't they
>negotiate
>a price closer to its closing price? How much value has been
>destroyed
>today with the 4% drop in price? I recon about $580M (No shares
>1,759M x
>33c drop). Are they panicking about something?
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