Forum Archive Index - September 2002

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

Hi Andrew,
 
>
> 
>I read with interest that UNL shares have risen in 
>price $1.10 to $9.30 since the announcement that
>Aquila is looking to sell it's shareholding.
> 
>Are there any compelling reasons to hold onto my (minor) 
>shareholding acquired for free when Power NZ was 
>privatised or is now the time to exit ?
> 
>

My reading of the situation is that United Networks is to be broken 
up and sold.  In the past, the fear would be that the big 
shareholders would try to pull a 'fast one' taking away the baby and 
leaving the small shareholders the bathwater.

Fortunately the adoption of the NZ takeover code means that small 
shareholders must be treated equally with large shareholders.

In essence if you sold tomorrow, the timing probably wouldn't be bad. 
After all, no one ever went broke by making a good profit.

But why not just hold on and see how things develop?  There is a 
bidding war for the assets so you may get a little more out of it 
yet.   By holding on, you get to keep your profit *and* avoid paying 
any brokerage.  If it were me, I'd be in no hurry to sell.  

SNOOPY

disclosure; No shares held

---------------------------------
Message sent by Snoopy 
e-mail  tennyson@caverock.net.nz
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"Stay on the upside of the downside, 
Anticipate the anticipation!"



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