Forum Archive Index - July 2001

["mrgoodall" <mrgoodall@xtra.co.nz>]

Thanks  for  that ,  what  i meant  was  would  ffs  meet  the  highest  bid  assuming  it  is  an open  tender  ??.

also  the  cnif  provides  economy  of  scale  for  ffs  assuming  they  can  find a partner  ,  or raise  the  rest  of  the finance,and  im sure  they can more  than meet their  existing  demand  with  their  remaining forest ,but without cnif , it being  a maturing  forest  they might not be  in a  position  to  capitalise on any  future  rise in the price of  logs   , manufactured  timber products ( assuming  that happens  in the  next couple of  years) i guess  it  depends  if  ffs   thinks  they can  invest  the  money    they  hold  entwined  in  the cnif  better  than  bidding  for more  forestry  assets. i would  be interested to  know  what  people    think  they  would  do with  the  remaining   cash if  they  dont  retain  the  forest  in question  .  regards Mike G

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

From: greg

To: sharechat@sharechat.co.nz

Sent: Sunday, July 01, 2001 1:28 PM

Subject: Re: [sharechat] chh

CITIC have offered the receivers US$637m for the CNIFP forest according to today's article in the Sunday Times:

 

http://www.stuff.co.nz/inl/index/0,1008,848902a13,FF.html

 

Mike, FFS have no say in who gets the forest as it is in the hands of the receivers.  If the Commerce Commision clear CAH to buy the forest subject to divesting a portion, then CAH can buy it and then on sell the portion at a later date (perhaps to FFS).

 

McFadgen has already said that FFS can more than meet its existing demand with its own forest estates.

 

Disc:  Hold FFS/PA