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From: | <philip@goodreturns.co.nz> |
Date: | Fri, 30 Apr 2004 12:19:18 +1200 |
This was sent to me for
posting: Kingsgate is
being bought out by the controlling shareholders just when the value of the
company will be geatly improved due to the conversion of the millenium hotel in
sydney to apartments.at present the nett asset backing per share is 41 cents
which will increase when the hotel is converted.the offer to shareholders is 32
cents. because
kingsgate is controlled by cdl hotels (same people control both companies) the
small shareholders will have no say.IS THERE ANYTHING THAT CAN BE DONE. |
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