Forum Archive Index - September 2003

[Robin Benson <rob@hammerheadmedia.co.uk>]

"Fletchers enters agreement to sell forests"
Translation: "We can't find the clue"
The Campbell Group: "We have a clue"

Spring said the difference between the offer and the book value of the 
forests was "slightly different".
Translation: "Any old number will do, as long as it's only slightly 
different"

"The difference reflects the price for the early realisation of value 
for shareholders"
Translation: "Take the cash and run ... it's every man for himself ...".

"FCF would also have to pay The Campbell Group if it subsequently 
entered  into sale discussions with another party before December."
Translation: "Spoil the party and you're hurting"

Robin

On Monday, September 15, 2003, at 10:55 AM, <philip@goodreturns.co.nz> 
wrote:

> So what do think of this latest deal? 
> http://www.sharechat.co.nz/news/scnews/article.php/d4ce3fb9


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