Forum Archive Index - July 2001

["G Stolwyk" <stolwyk@wave.co.nz>]

CLH was trading ahead of the Annual Announcement which can be expected late August.

 

There were no problems up to $ 5 initially, but above that support level, traders more or less took over and it rose steeply. However, there were no support levels.

 

There was a rumour to the effect that there could be a take-over of RMG by CLH. ( I don't want to comment on any possible sources of this rumour ). In my opinion, this would have affected the share price of CLH.

 

It would have helped those who had some of the 77 mill. shares which came out of escrow : the owners of these shares did not agree to hang onto these. Others say that the new management of RMG would have caused its share price to rise.

 

It has always been my opinion that a merger would be impossible. Interested readers may want to refer to my posts of June 23, 24, and 26.

 

As a result of some pending reconstruction by RMG ( see below ), the share price of CLH rose today from $ 4.79 to $ 5.05 and is now $ 4.97 ).

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Re RMG, there are two news items on Stockness, one at 11.09, the other at 11.33 a.m.

 

There is to be a centralisation of Call centres and further reorganisation. A total of 160 staff will be looking for other work.

 

Gerry