Forum Archive Index - January 2002

["Phil Boeyen" <pboeyen@sharechat.co.nz>]

Title: Message

Phil

 

Another view of the Frucor takeover could be that it is a pat on the back for both that company and this country's marketing nouse.  For a global corp as marketing savvy as Danone to think that a NZ company making all its money from juice, sugar, water and flavourings (in various degrees) was worth buying has postive aspects - although maybe not for the NZSE, which I agree with you is losing one of its brightest companies.  Given that arbitrageurs held a considerable amount of the stock at the end of the offer period I would also imagine many NZ retail investors sold out at above the $2.35 price, so they maximised their return through this offer which, after all, is surely the one goal every investor has in common?

 

Regards, Phil

 

 

 

----- Original Message -----

From: Philip Robinson

To: Sharechat@sharechat.co.nz

Sent: Sunday, January 20, 2002 10:45 PM

Subject: [sharechat] Shame on you ALL!

Well I don't contribute often now, but what I want to say is this is important.

 

Frucor is gone and it is because of YOU.

 

0.96% is what made the difference

 

125,000,000 * 0.96 is only 1,200,000 shares. So to all you guys who accepted you wrecked it for the rest of us who held out despite the independent directors throwing in the towel.

 

Frucor, being the brilliant company that it is, is now going off shore and the brilliance and profits will undoubtedly go offshore to.

 

This is what being a NZ sharemarket investor obviously is: screwing it up when it matters most.

 

Just my thoughts on a brilliant company now gone through a cheap raid.