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Re: [sharechat] Fletcher Paper


From: marcus hinkley <marcus.ali@xtra.co.nz>
Date: Wed, 15 Sep 1999 17:44:34 +1200


mortimer, I have sold out of FLP.  That was for other reasons though.  I think
that FLP's perfomance will be entirely dictated by the Canda merger.  It
apears that it will go ahead, in which there is no doubt that you can make
some money.  My broker advised me that he believes it's value is about $1.85,
and I have heard simiar comments elsewhere.

mortimer wrote:

> FLP is developing good support at $1.40 and has had a good volume day
> today.
> Does anyone think it might be a good short term buy for a 10 to 15 %
> profit ???
>
> Regards Les.
>
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