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[sharechat] Still a long way to FFS sale

From:	graham corrigan <gdcorrigan@yahoo.co.nz>
Date:	Thu, 20 Apr 2000 15:39:00 +1200 (NZST)

Good to see support for FFS in a big way but if
investors are expecting a quick announcement in the
next few weeks, it will not be forthcoming. 
According to the Investor Relations office of Fletcher
Forests (09-5719800), there's a whole raft of legal
and other issues to wade through where FFS is
concerned. 
The process of due diligence currently being carried
out on FFS is part of that process - in a similar way
as due diligence would be carried out on the remianing
Fletcher companies, FLB and FEG. 
However, any sale of FFS appear to be still months
away but investors should not be disheartened. During
these times of great volatility on the stock market,
FFS is definitely a value long-term stock to hold on
to! Something to put in the bottom drawer for now and
forget for a while.

Graham Corrigan




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