Forum Archive Index - May 2001

["ryanrite" <ryanrite@xtra.co.nz>]

I believe FBU steel is already sold???????
Athol
----- Original Message -----
From: Derek <dkw@paradise.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Saturday, May 12, 2001 1:10 PM
Subject: [sharechat] FLB


> 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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