Forum Archive Index - January 2002

["Nick Kearney" <nickk@quicksilver.net.nz>]

it's a shame they didn't get to the $10 you mentioned they would get to a
while back nick....

----- Original Message -----
From: "nick" <rathel@xtra.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Tuesday, January 08, 2002 8:01 PM
Subject: Re: [sharechat] FRU


>
>      I have now sold all my holdings in Frucor, it appears that
> there is little to gain from holding now and everything to lose.
>     Danone have been very clever, and it seems to me that the
> independent report may have been a trifle optimistic about Frucors
> short term prospects.
>        The buyers now are as Ben said, large institutions, they are buying
> now because it looks very likely that Danone will achieve the 90%
> takeup. So the risk may be low.
>   Personally though i feel happier to now be on the sidelines. (sold
> half 2.40 and the rest today).    Im  hoping the bid fails and the
> price falls back, if that happens i will be back in.
>        Shame to lose Frucor,  they are a good ambitious company who
> will be missed on the exchange.
>
> Nick
>
>
>
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