Forum Archive Index - November 2001

["Sproul Family" <sproulfamily@wave.co.nz>]

Government decisions affecting Wakefield or not, I think the valid point that Gaynor (NZ Herald)  was  trying to make  this morning was that apparently the shortfall was expected and in the knowledge of  the hospital's directors BEFORE shares were allotted to the public.

 

And even though the problem was mentioned in the prospectus, it was claimed that  the shortfall had been allowed for in the forecast for the  year.   But now it seems that a $600,00 profit shortfall  is not going to be made up by the year end.

 

How  enlightening .

 

Would it be too much to expect that the NZSE would ask a few questions of the Wakefield Board?

 

Good point G. Smythe.     ..... And yes it is no wonder that  The ASX doesn't want  anything to do with its NZ counterpart, unless NZ toe the line on tougher regulations .

 

I wonder how the directors of THL and Frucor are viewing the Wakefield episode in view of the hammering they took for missing their forecast profit figures by  a lot less (percentage wise).

 

In Wakefield's case the period from date of forecast to actual result was a mere six weeks.

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