Forum Archive Index - December 2001

["Kevin Young" <youngk@zfree.co.nz>]

Recently FFSPA traded at 24c at almost 10 million shares. FFSPA were issued at 
25c.
CSFB (Credit Sussie First Boston) was the main firm selling the stock. Most will
remember that CSFB were the underwriters for the FFSPA. I think that CSFB ended 
up
with quite a few FFSPA from the underwriting process. Recently CSFB has 
announced
that the are closing down their retail devision. In order to tidy up their 
affairs
it would appear that CSFB had  to liquidate all their shareholdings including 
FFSPA.
CSFB would have picked up FFSPA at less than the issue price of 25c.

If the above is correct then it may be a good time to pick up some FFSPA wait a 
week
for the result of the CNIFP and hope the shares go back to the 30c level.


__________________________________________________
Advertise with ZFREE - to find out more click below
http://www.zfree.co.nz/about-us/advert.html

----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/