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Re: [sharechat] Kingsgate

From:	"Hans Van der Voorn" <vandervoorn@xtra.co.nz>
Date:	Fri, 30 Apr 2004 17:38:09 +1200

Buy shares in CDL Hotels.

Hans

Disc. Hold CDL

----- Original Message -----

From: philip@goodreturns.co.nz

To: Sharechat@Sharechat. Co. Nz

Sent: Friday, April 30, 2004 12:19 PM

Subject: [sharechat] Kingsgate

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.

References

[sharechat] Kingsgate philip

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