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[sharechat] FLB

From:	Derek <dkw@paradise.net.nz>
Date:	Sat, 12 May 2001 13:10:20 +1200

I would have thought that FLB's share price would have been a bit higher
given the GPG story in the NBR. I guess the market doesn't really believe
that they are GPG's target. Alternatively there may already be some
downside risk (possibly about 15%) in FLB's shareprice if GPG don't make an
offer.

On a different tack, I find it a bit odd that FLB is happy to sit there
like a lame duck, waiting to be eaten up and spat out by the likes of GPG.
Surely FLB shareholders would be better off if FLB itself split itself up &
sold itself off instead of giving much of the profits from such an
operation to GPG. 

Rgds,
Derek






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