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Re: [sharechat] RBC buyback: Calculations needed

From:	"Jeffrey Kelly" <jrjkelly@ihug.co.nz>
Date:	Sun, 12 Aug 2001 12:25:04 +1200

As you mentioned there was no buyback notice for Friday Aug 10.

If Rubicon are to be included in the NZSE40 as of Monday Aug 13 could it be possible that Rubicon will not buy again until the Index managers have bought their position up to their required level.That way they are not competing unnecessarily as there seems to be plenty of sellers at 79 - 80 cps. This may explain the wider trading range on Friday 78 - 81 cps. We could see the price holding in the upper range for a few days then returning to the 79 - 80 cps spread as was the case for most of last week.

Jeff

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