Forum Archive Index - January 2002

["Richard Hooper" <hoop@ihug.co.nz>]

Hi All
Nick has said what my objective (planA) will be. I am waiting to buy back
in. I see more benefits in selling now, hope for a price drop after the
deadline then if attractive buy back in, thats if Danone is not successful
with their 90% target. Ben also presents a most likely scenero that Danone
could accept being a major shareholder for the time being, which will have 2
effects on the shareprice, longterm growth due to Danones influence and
short term drop not being as large as some punters would think (might not
drop at all) due to the likes of me ,Nick and others creating large buying
demand on very little script left being available to the buyers.The above
scenero would be the best outcome for NZers and I hope that this is why the
institutional buying is taking place, rather than the institutions buying
just to sell to Danone for 2% profit. My estimations of institutions would
go from low to pathetic if they sold a great NZ growth company for 2% gain.

The waters are still murky, in the medium/long term, holding on to the
shares is probably not a too greater risk. However if you bought in at a
level which I did @ $1.94  my downside risk outweighs my upside risk. So it
all depends on your holding in your portfolio, my selling could be good for
me, but bad for you and vice versa.
Plan B ???  Get on in life, accept my bad decision, plenty of other good NZ
companies to invest in.
Not a good time to be emotional, there is never a time for that.
Hoop

----- Original Message -----
From: "nick" <rathel@xtra.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Tuesday, January 08, 2002 9:17 PM
Subject: Re: [sharechat] FRU


>           Ok im gonna bite,  i know you just taking a childish cheap shot,
but show me
> i said they would be ten dollars, i dont remember it.
>       Nick
>
>
>
>
>
> > 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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