Forum Archive Index - October 2000

["Wedde, John" <john.wedde@cit.ac.nz>]

Hi Mike,
Have just checked the annual report. According to that , the options
actually expire today [27/10].  The 29th is of course Sunday and probably
Saturday and Sunday do not count. At the end of yesterday's business there
were still 11.6 million options outstanding. 
Cheers,
John

                -----Original Message-----
                From:   Mike Nelson [mailto:bb2345@ihug.co.nz]
                Sent:   Friday, 27 October 2000 13:22
                To:     sharechat@sharechat.co.nz
                Subject:        RE: [sharechat] ITC

                Hi John and Joanne,

                I have a letter here from ITC saying that the Class 008
share options
                expire on the 29th October.

                MN



                At 12:43 PM 27-10-00 +1300, you wrote:
                >Hi Joanne
                >The shareprice has dropped a lot lower than the exercise of
options should
                >have caused it to. I'm not sure that all the options have
been exercised.
                >I think the last day for this is October 31, Tuesday next.
Would you care
                >to elaborate on why you do not think much of ITC's
portfolio?
                >I'm still holding, in fact  bought more recently.
                >Cheers,
                >John 
                >
                >
                >
                >               -----Original Message-----
                >               From:   Joanne James
[mailto:jojames@ihug.co.nz]
                >               Sent:   Thursday, 26 October 2000 18:38
                >               To:     sharechat@sharechat.co.nz
                >               Subject:        [sharechat] ITC
                >
                >               The options have been converted to shares
now so I presume
                >that ITC has had
                >               a cash injection. There are now more shares
on the market
                >which is why the
                >               shares are priced so low. It's portfolio is
not exactly
                >stunning where does
                >               ITC go from here and are the shares worth
buying at this
                >price? Anyone got
                >               any thoughts cheers.
                >
                >
                >       
        
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