Forum Archive Index - April 2003

["DR" <hamish@webmail.visp.co.nz>]

The current Mcap of BIL appears to be about NZ$ 560m (200m pounds max).

The current value of BILs 220m THO is at least 250m pounds.

So the rest of BIL is worth nothing in the eyes of the market.

BIL wants to get hold of THO cash.

 

A more practicable solution would be for BIL to give 1 THO for every 6 BIL shares held by each shareholder to do as they must with.

Any  surplus / deficit to be traded to balance.

For small holdings(say less than 500 THO) could be given cash.

Chances are the THO share price would rise once the Camerlin holding is released to a third party.

D