Forum Archive Index - April 2004

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

Hi Philip,
 
>
> A little while ago someone showed a chart of CAH which showed the
> stock had problems breaching a resistance line around the $2.30 mark.
> Well the company is sitting right there now. Bearing in mind these
> previous charts and the news that CAH is about to wipe itself clean of
> the tissue business what do you think will happen going forward?
> 
> Is this a case of TA needing FA?
> 

There is a $450m capital repayment coming due in the third quarter.   
That should provide some support for the share price up until then.

$450m is just over 70c per share.   After that the business changes in 
character, so I suspect from that time onwards any past charts will 
become irrelevant.

SNOOPY




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