Forum Archive Index - October 2002

["G Stolwyk" <stolwyk@wave.co.nz>]

Readers,

Current price $4.16/ $4.17

 

In my opinion, this converts to $5.08/ $5.09 after the Reconstruction.

 

Gerry 

 

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Prices before the RECORD date ($A) and the corresponding conversions after reconstruction ($B). Please note that in practice, deviations will occur. Current valuation is about $5.07.

Source: Letter to shareholders, dated 4 Sept. 2002, title: "Return of Capital to Shareholders". Refer to calculation.

-$A---$B
4.00/4.85
4.05/4.92
4.10/4.99

4.15/5.06
4.20/5.13
4.25/5.20

4.30/5.27
4.35/5.34
4.40/5.41

4.45/5.48
4.50/5.55
4.55/5.61

4.60/5.68
4.65/5.75
4.70/5.82

4.75/5.89
4.80/5.96
4.85/6.03

4.90/6.10
4.95/6.17
5.00/6.24

Subject to confirmation.
Please note: This table can be of use in the future when comparing the then values with the values in this table.

Gerry