Forum Archive Index - May 2001

["Malcolm Cameron" <malharcameron@hotmail.com>]

On prospectus forcasts the institutional buyers told them they would not pay 
the $2.00 asking price so I assume they said $1.50 was about it.So your 
$1.00 sounds about right after the flop. If you are correct it may be better 
to sell at $1.50 and buy back in at $1.00
Malcolm.


>From: "secondstep70" <secondstep70@hotmail.com>
>Reply-To: sharechat@sharechat.co.nz
>To: <sharechat@sharechat.co.nz>
>Subject: Re: [sharechat] Frucor
>Date: Thu, 24 May 2001 18:04:14 +1200
>
>Frucor is back to issue price. They certainly aren't a company in trouble 
>(compared to AIRNZ) Since they issued , they have implemented a successful 
>distribution in Australia and a partial distribution in the UK. Their full 
>year profit should  be higher than the previous year(even though they have 
>lost 10 million in the UK). I think these are major positives.
>
>Unfortunately, the investment community has lost confidence in management 
>given the poor results in the UK. They stuffed up by advertising before 
>they had decent distribution.
>
>I don't see the shareprice increasing until we get positive indicators from 
>UK summer sales, since the progress in the UK seems to be all that drives 
>the shareprice.
>
>My concern is what if the UK fails. How much is the company worth then? 
>Surely it is worth at least $1 given last years 11c earnings/share. That's 
>p/e ratio less than 10.
>
>I'm holding until I hear positive news.
>
>
>   ----- Original Message -----
>   From: Philip Robinson
>   To: sharechat@sharechat.co.nz
>   Sent: Thursday, May 24, 2001 5:12 PM
>   Subject: [sharechat] Frucor
>
>
>   Frucor down 4c to 150 with 5 million turnover.....not good...I am 
>holding though...its just a minor dip...or that is what I tell myself

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