Forum Archive Index - July 2001

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

Gerry  it  is  refreshing  to  see (even  more  so as  a holder   in  rbc)  how  transparant  in  its  announcements

and its  promised  return  to shareholders rubicon has been ,  i  personally  feel   that  once  all  the  receivership   goings  on (  with cnif  )  are out  the  way  rubicon  might  eventually  dissolve  by  way  of someone  wanting  to take a major holding in ffs  ,  as  they  (rbc)

will  become  another  ffs only on  a smaller scale,  basically  having only the  assets  left  that  it  acquired  from  ffs ,once  it  gets  closer  to nta  it  is  then  on  an  equal  footing  to  ffs. ((is  their  any  major  upside  on  aborglen,  its  small  holding  in genesis ,  and  partnership  with  hort  research??   maybe  some  else  knows  this.

regards mike g

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

From: G Stolwyk

To: sharechat.co.nz

Sent: Sunday, July 01, 2001 2:57 PM

Subject: [sharechat] RBC and FFS/ FFSPA

 

The reason why I said prior to the sale of the oil terminals and petrol stations assets, that prices for these will be " satisfactory ", was, that the present Board of RBC had originally agreed on a "satisfactory price " to buy from Fletcher Challenge.

 

Mind you, they had to take the S. American assets as well.

 

After much adverse comment on Fletcher Challenge, the RBC Board wants to be known as a go-ahead Board who maximizes the RBC share price.

 

RBC has 17.3 % stake in FFS/ FFSPA  and both Boards get on well!

 

Whatever happens, I don't think that RBC will suffer! 

 

Watch this space!!

 

Gerry