Forum Archive Index - December 2002

["kentfamily" <kentfamily@actrix.co.nz>]

Hi Bill

Another factor affecting the weakness of CAV is the nz/aus $ cross rate.
Cavalier stated that their profitability would be affected if the cross is
above 88c.  Currently over 90c.

Gregory

----- Original Message -----
From: "Roger Palmer" <92002137@snetnzch.cpg.com.au>
To: <sharechat@sharechat.co.nz>
Sent: Tuesday, December 17, 2002 9:41 AM
Subject: Re: [sharechat] CAV


> Bill
>
> Fear not. Cavalier split their shares 1 for 2, so $4.00 today is the
equivalent
> of the pre split price of $8.00. Effectively at $3.85, they are down 30c
from
> their highs.
> You should have recieved a new security holding notice from the registrars
> telling you of your new holding.
>
> regards
> Roger Palmer
>
> prhughes@value.net.nz wrote:
>
> >         A few days ago Cavalier was $8 now down to $3.85. Was there
> > perhaps a stock adjustment or worse 'bad news'. If you know the
> > reason could you please let me know.
> >
> > Thanks
> >
> > Bill
> >
>
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