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Re: [sharechat] Contact takeover

From:	"Malcolm Reid" <malreid@engineer.co.nz>
Date:	Fri, 12 Oct 2001 13:26:31 +1300

Judging from the volumes currently going through (lots of $1,1.5,2,2.5k at
IPO prices) it certainly looks like the mum and dad investors are taking
advantage of the offer to exit with a reasonable return.

I'm no expert but with a final dividend pending $3.85 seems cheap. Am I
correct in thinking the 51% they already hold has cost them about 1.35b? On
that basis I would've thought maybe $4.00-4.20 would be more like it.

Mal Reid


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