Forum Archive Index - June 2000

["Adam Rands" <adam@iguana.co.nz>]

Libertys market cap is $AUD81mil and it has a very free float

Advantage market cap is $NZ166 mil

 

Liberty has been sold off over the last few weeks. Maybe the weakness is desired to make the deal go thru at a good price for Advantage

 

Did anyone read this in their recent announcement

"We intend to use the proceeds from the issue of shares approved at this  morning's meeting to
continue our acquisitions program.  Our activities in this area are clearly focused on the Australian eServices market.  It is our  intent that once we have completed our first Australian acquisition, we will
proceed to a joint ASX/NZSE listing."

 

The scenario

 

 

- My pick it will be a straight share swap. 2 ADV for every 1 LIB.. No cash needed for this deal.

- ADV avoids competition with Zivo and Clearfield (Libertys profit making assets)

- ADV leverage the excite brand (popular portal) to make flying pig a success

- ADV gets backdoor entry onto the ASX

- ADV shareholder base and liquidity increases dramatically

- Bulk of trading will be shifted to the ASX

- The NZSE lose another listed company to the aussies :)

 

 

My view - Consider this deal done and reprice each stock accordingly :)

 

Disc : Hold some Liberty

 

-----Original Message-----
From: Oliver Shapleski <oliver.shapleski@vuw.ac.nz>
To: sharechat@sharechat.co.nz <sharechat@sharechat.co.nz>
Date: Tuesday, June 27, 2000 1:47 PM
Subject: [sharechat] ADV rumour

John & Adam - according to what I'm hearing, the rumour about LibertyOne may well be true - I heard it last week from a most unexpected but extremely reliable source that ADV are pushing this one thru very soon.  How big are LIB?  Would this give ADV an automatic listing on the ASX?  Have started watching it (it's still going down?!?! When to buy?!?!) and noticed an announcement about the Warrants yesterday, something about the price of the head shares within 10% of a compulsory sale price?  What impact does this have?  Anyone started digging under LIB/ADV?

 

Oliver