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From: | "Maria Smith" <smith@ps.gen.nz> |
Date: | Thu, 10 Oct 2002 22:25:53 +1300 |
What I find intriguing here is that normally
with GPG you wake up in the morning and discover someone has been burning the
midnight oil and that they have taken a substantial position in a company. This
is how their 20% of RUB was achieved.
What is happening now is not the normal way GPG
operates. We have Tony Gibbs making statements to the press. He has casually
mentioned that discussions have been held with the recievers of CNIP, that CAH
is to be involved, and that GPG intends to try to reorganise RUB FFS & CAH
into one grouping as far as their forestry assets are concerned. He has also
stated that GPG doesnt have a final plan and that developments occur which set
the plan. I find it extrodinary that millions of dollars have been spent on
acquiring shares to date without a master plan. If CAH is a part of the
reorganisation then discussions would shorely have been held already with IP as
without their approval no deal could be done.
We have been drip fed little titbits of information which is
unusual as normally you could expect a no comment response.
As a reorganisation into one Fonterra type company would have
huge cost savings I would expect this drip feed of information to strengthen the
share prices of the companies. This is not happening so I presume that their is
information available which I am missing.
I still find it intriguing that they would put in a partial
takeover for RUB knowing it would fail (smoke screen for something
else)
Regards
Greg
-----Original Message-----
From: B.Bourke <bbourke@world-net.co.nz> To: sharechat@sharechat.co.nz <sharechat@sharechat.co.nz> Date: Monday, October 07, 2002 11:02 PM Subject: [sharechat] GPG FFS RUB CAH
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