Forum Archive Index - October 2001
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[sharechat] Frucor
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From: |
"Philip Robinson" <pcr@ihug.co.nz> |
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Date: |
Mon, 1 Oct 2001 18:37:43 +1200 |
Title: Message
Ahh Frucor, let me
crack open a V as I write..............
The important thing
to note is that Bain is a Venture Capital company/investor, it is not their
mandate it hold "matured" companies that are listed (is suspect), VCs usually
fund coys to develop and grow and depart when or shortly after they list,
therefore no body should be at all surprised that they are selling, it shows
that they have reached a point where they cannot add anymore value AS A VENTURE
CAPITALIST, not my emphasis.
Frucor is now a
company which has reached a good point and now has to go it alone so to speak.
The market vindicated this also by buying this morning, it traded a high of 160,
up 8c, and closed, at 154 up 4c. The market has spoken.
Phil (The other
one)
(Holds a much
smaller parcel than even Phil B's small
parcel)
See IRG research reports
