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Re: Re: [sharechat] Revisiting : RBC- Rubicon - Asset values - new FORMULA

From:	"G Stolwyk" <stolwyk@wave.co.nz>
Date:	Mon, 1 Oct 2001 14:55:14 +1200

greg,

The Formula which is more clearer set out in a later post does not make allowances for any discounts which may or may not be built in the current share price of FFS/FFSPA!

It simply refers to the prevailing market price of the FFS stock ( as it should ) and is not interested in how anybody uses or misuses the Formula. Obviously, you know that.

It is an important Formula and it will be used to compare alternative returns from a possibly entry into- or exit from the FFS/ RBC stocks, as you are well aware of, I believe.

We need to look at item " Remaining assets" later, once more data comes to hand!

Thanks for your comments!

Gerry

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