Forum Archive Index - July 2001

Please note usage of the Forum is subject to the Terms & Conditions.

Messages by Date [	Next by Date	Previous by Date ]
Messages by Thread [	Next by Thread	Previous by Thread ]
Post to the Forum [	New message	Reply to this message ]

Printable version

Re: Re: Re: Re: Re: [sharechat] ...........FFS

From:	"greg" <gregoire@paradise.net.nz>
Date:	Wed, 18 Jul 2001 22:10:30 +1200

Yes, Graeme is correct.

Grant Samuel wrote an Independent Expert's Report for FFS shareholders in January 2001.

In it he includes the $511m 'Shareholder Loan' in working out the NTA.

He quotes an NTA of $1.69 at 30th June 2000 and converts this 'pro forma' to $0.58.

Pro forma is adjustment for rights issue, placement of shares to RBC, sale of Biotech assets to RBC and separation costs.

Also FFS has written its equity in the CNIFP down to $0. So any bids for the assets over and above what the banks and FFS are owed (and the receivers fees) will, as Graeme says get split between CITIC and FFS.

Messages by Date [	Next by Date:	Re: Re: Re: Re: [sharechat] ...........FFS mrgoodall
	Previous by Date:	Re: Re: Re: Re: [sharechat] ...........FFS G Stolwyk ]
Messages by Thread [	Next by Thread:	Re: Re: Re: Re: [sharechat] ...........FFS mrgoodall
	Previous by Thread:	Re: Re: Re: Re: [sharechat] ...........FFS G Stolwyk ]
Post to the Forum [	New message	Reply to this message ]