Forum Archive Index - May 2002

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

Hi winner69,

>
> 
>Agreed that the *majority* of shareholders at the time of the take
>over were ex-Baycorp shareholders and as as such their sentiment
>probably meant something. That sentiment was likely to be different
>from when they were happy Baycorp shareholders and the new sentiment
>would be reflected in the subsequent BCA share price. 
>
>The long term BCA (ex DAD) chart on the ASX (from 1998) reflects..
><snip>
>
>


And what happened to the Baycorp support levels?   Do you think the 
Baycorp shareholders suddenly 'forgot' what price they paid for their 
shares when the merger happened?    But the Data advantage 
shareholders didn't?


>
>
> 
>One thing for certain I don't think that any old Baycorp
>shareholders (and DAD ones for that) who are still in are happy with
>what has transpired -hardly a good result for the buy and hold
>investor.
>
>


Fortunately Gerry alerted Sharechat readers as to the effect of the 
goodwill on the BCA combination books in advance.   Hopefully many 
took note of his comments and bailed out with him, before the slide 
started.


>
> 
>By the way apologies for suggesting you might be losing your marbles
>earlier. 
>
>



No problem.  What's the old saying?  No light without a little heat?

SNOOPY

(disclosure BCA held- nil) 



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