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[sharechat] Trans Rail investors held at stop signal

From:	Marilyn Munroe <who.c@res.co.nz>
Date:	Thu, 23 Aug 2001 21:13:08 +1200

Sharechatters will recall me bagging Trans Rail in past postings. Events today give me the grim satisfaction of being correct.

Selected quotes from Phil Boyens article in Sharechat today;

"Tranz Rail is suspending dividend payouts in light of ongoing restructuring."

" For the year ended June the rail company posted an operating surplus
before tax of less than $1 million compared with $50 million last year."

A speculation;
Train running telegram. All trains stop. Reason: insufficient operating cash flow to justify continuing operations. Signed Officer Controlling Train Running.

Boop-boop-de-do Marilyn

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