Forum Archive Index - April 2004

[<philip@goodreturns.co.nz>]

Thanks. Tend to agree about past charts becoming irrelevant. Really
wondering if people think CAH will breach its resistance line in the period
between now and the capital repayment and what people think the stock will
trade at post the Tissue sale.
Philip

-----Original Message-----
From: sharechat-owner@sharechat.co.nz
[mailto:sharechat-owner@sharechat.co.nz]On Behalf Of
tennyson@caverock.net.nz
Sent: Thursday, April 08, 2004 6:25 PM
To: sharechat@sharechat.co.nz
Subject: Re: [sharechat] CAH - Carter Holt

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




--
Message sent by Snoopy
on Pegasus Mail version 4.02
----------------------------------
"Dogs have big tongues, so you can bet they don't
bite them by accident"


----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/


----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/