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[sharechat] CEN Dogfight

From:	"Richard Hooper" <hoop@ihug.co.nz>
Date:	Tue, 6 Nov 2001 09:24:41 +1300

Hi all

Interesting article in the NZ Herald

http://www.nzherald.co.nz/latestnewsstory.cfm?storyID=226752&thesection=business&thesubsection=latest

Brokerage House ABN AMRO values CEN at $4.88 up from $4.76 last week due to bonds rally ,falling interest rates the cause.

They also disagree with the Directors that if the offer fails it would trigger a fall in share price.

They have issued a dont sell

So .....it seems that the institutions are not going to let go CEN for $4.25..........The feeling is that somewhere between $4.65 -$5.00 a share is the ballpark figure now.

The situation for small investors is starting to improve now to make a decision, as more information is becoming available.

Latest assessment is that the revised offer of $4.25 is still too cheap.

Bad news for EME ...good news for NZSE and investors. :))

Cheers

Hoop

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