Forum Archive Index - October 2001

["i_claudius" <i_claudius@xtra.co.nz>]

BRILLIANT !!!

Congratulations to all us canny long suffering holders.
But here's the thing,
Most analysts have been revaluing CEN northward to something with a $4 in
front of it at a time when prices are rising and interest rates declining.
$3.85 is just the opening shot.The instos know this offer will be leveraged
higher to include a takeover premium.Hence the buying today at more than
$3.85.
Remember FEG earlier this year?If the large insto holders squeeze for
more,which they will as indicated by their buying today,this offer goes
higher.How much?Dunno...but it'll pay to tailor your selling to an evolving
situation here.
Secondary Benefit-if the 3rd largest market cap stock in NZ is taken out
,there's a huge amount of money to be reinvested as a consequence.Not all of
it will go back into the NZSE but plenty will...where?TEL,SKC,WHS and
anything of substance with a stable earnings outlook IMO.

Ave.



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