Forum Archive Index - July 2001

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

 

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

From: mrgoodall

To: sharechat@sharechat.co.nz

Sent: Sunday, July 08, 2001 8:59 AM

Subject: Re: Re: [sharechat] force

Thanks  Grant ,Two points  i would take you  up  on ,one , videos  have  been around  for  what approx 20  +  years  and  the  cinema  industry  went  through  a revival in the last  decade(  dont  know  recent  figures)    going  to  the  cinema  being  as  much  a social  experience  as   watching  the  movie  itself  ,  and  the time lag  between

 new  release   on  the  big  screens  and  when  videos  /  dvds  are available  to  the  general  public.

 

second  point ,  re small small  parcels  of  shares  being  picked  up at  a cheaper price   ,  the  majority  of  shareholders  didnt  take  the original offer  so i cant  see  them  excepting  less  in  the  future. (im not  quite  up  on  new  take over rules   i  thought  all holders  had  to  be  offered  the  same  price ,  and  i  dont  believe  the  loop  hole  Lion  have  discovered   will be  allowed  to  continue   as  it  just  negates  the  reason  for  setting up  the  rules  in  the  first place)

 and  maybe  to  even  take  you  up  on the  issue  of institutions    being  interested (or  not)  now  that  sky  have  51%  

 

most  institutions  usually  only  look  at  companies   in  the  top  40  index   regularly  holding  between  10 -15%

where  they  see  value.

and  if  anything   i  would  of  thought  with  sky:s  track  record     any  company  they  control  would  be  attractive

to  shareholders  (big  or  small)  i  admit

this  is  not  reflected  on  the  share price  at present   hence  the  discussion.  regards  mike g

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

From: Grant Keymer

To: sharechat@sharechat.co.nz

Sent: Friday, July 06, 2001 8:23 PM

Subject: Re: Re: [sharechat] force

sky  would  from  now  on  imho  only  be adding   value  to  force  hence  they  might  wish  they had  offered  more than  25  cents  in the beginning  ,  a later  offer  might  cost  them  a  lot  more  (for  value  they have added  )

 

That's presuming the value of the businesses operated by Force goes North...

What if everyone starts renting DVDs and flags away the Movie Theatre experience?

 

There is also the consideration of a smaller price being paid for additional parcels of shares now that they have achieved control:

 

==> Think of Lion's latest offer to Montana shareholders...

 

Once they have crossed the 51% threshold, the attractiveness of the remaining shares to other investors (especially institutions) decreases in a big way.

 

Cheers

 
Grant Keymer
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