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From: | "greg" <gregoire@paradise.net.nz> |
Date: | Mon, 16 Jul 2001 23:17:14 +1200 |
A few points. RBC are able to start a buy
back on 30th July and as I understand it have a year to complete
it.
If RBC complete the buy back quickly what will
happen to the shareprice? We could be in a situation where RBC is trading
at 85% of NTA and poor old FFS trading at 70%. This being the case
wouldn't there be some sort of redress with RBC holders
selling to buy FFS.
So the way I see it RBC's shareprice in a month's
time will depend on whether the buy back is spread out over a period of time or
done quickly.
Rgds,
greg
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