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Re: [sharechat] FRU

From:	"Shaun Hawley" <shauno101@hotmail.com>
Date:	Wed, 09 Jan 2002 11:53:13 +1300

One question, if Danone fails in its bid to acquire 90% but opts to take a lesser interest, it is my understanding that they must take either less than 20% or more than 50%. If they take more than 50% do they have to accept all acceptances from current shareholders, in otherwords if they get 80% acceptance do they have to take it all or can they just acquire 51%?

Shauno

>From: "Richard Hooper"

>Reply-To: sharechat@sharechat.co.nz

>To:

>Subject: Re: [sharechat] FRU

>Date: Wed, 9 Jan 2002 11:31:06 +1300

>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"

>To:

>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

> > > while back nick....

> > > > ----- Original Message -----

> > > From: "nick"

> > > To:

> > > 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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Replies

Re: [sharechat] FRU Phil Boeyen
Re: [sharechat] FRU andrew cottingham

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