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Re: [sharechat] BEN


From: kevinst@catcha.com
Date: Thu, 17 Jan 2002 17:54:11 +0800 (SGT)


>From: "Michael Huang (DSL AK)" <MichaelHu@datacom.co.nz> 
>Date: Thu, 17 Jan 2002 12:07:13 +1300 

>Would any of u there be buying BEN now?

Why not?

The Venter / AMP consortium must have beleived BEN's worth is at 
least 1.80 per share, the question is how much more they didn't 
tell?

Eric believed its worth is more than $2.00 per share. Now with 
19.054% in hand, which is 25.7% voting right (19.054% out of 74% 
where AMP Henderson is owning 26%), PRG will say no to any offer 
under $2.00 plus a reasonable premium (5% ~ 10% ?).

In less than two weeks, Grant Samuel will tell a different story 
about the valuation of BEN, he will not astonish us why the 
Venter / AMP consortium want to buy BEN in such a strange way.

The play has just begun ...




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