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[sharechat] AIA and the Sale process--Possible Pricing of stock

From:	"G Stolwyk" <stolwyk@wave.co.nz>
Date:	Wed, 20 Nov 2002 14:40:11 +1300

For page references, see other channel.

Some time ago work was done to obtain a reasonable prospective P/E. After some discussions with Winner 69, and based on past history, it was agreed that a P/E of 23 was acceptable-See this page, date 18 Nov., 9.38 pm. See page 3 for a discussion.

That would translate to a price of $5.88. This could be the price after the sale process has been completed and the market had finally settled down.

Yesterday, the price rose to $5.55 and I suggested to "take it easy" as the price was close enough to $ 5.88 with still the sale process to go.

Obviously, any sale to one buyer will in effect shortcut the waiting time to a possible price of $5.88 and could push the stock over the $6 mark.

The person who knows if there is one buyer has the advantage!
A meeting on Dec.5 of the seller, ACC, could give us the information we need.

Gerry
Long term holder of AIA.

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