Forum Archive Index - April 2000

[richard hermans <r.m.hermans@xtra.co.nz>]

Chris Darby wrote:
> 
> Yes Ril good point.
> 
> But my guess is that any analysis of this deal will be avoided by most
> and they will bounce in blind to the market tomorrow and bid the value to
> something closer to A$300.  They will have only ADV and SMR on their
> minds and be absolutely determined to be onto this one early.
> 
> As I see it Cullen have already made the cream by selling to such an
> obliging and well mannered purchaser.  The one Watson company that gets
> little mention these days is Eldercare where Cullen assets were sold into
> NZ Petroleum.  Similar story just different packaging.
> 
> And ELD...... doubled/tripled in price?  Oh, best for the punters to
> check that success story for themselves.
> 
> Buy Baycorp any day if you want exposure to a similar business model but
> not this FRO announcement.  Too expensive I hear you say?  Look further
> and you will discover the best Tech company in this country and about to
> break into the NZSE10.  Fortunately it does not subscribe to the PR
> method of share price manipulation that Watson and Cullen play .
> 
> Chris
> 
> 
> Ril wrote;
> 
> >How can a debt collection business which a public company is currently
> >paying $A80 million for (not yet settled) be priced  by the market (by
> >all indications when market again trades) at over $A200 million?
> >
> >Isn't this a little rash? For instance, how much does the collection
> >business make?
> >
> >Or, is this the new maths?
> 
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Would you mind telling me which IT co you consider the best in NZ about
to break into the nz10 ?? Im a bit slow on the uptake here !!! Thanks
Margie

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