Forum Archive Index - April 2002

[hugh webber <hugh.webber@clear.net.nz>]

Dead right Dave. How many times have we seen an NZ company develop a promising 
niche
only to sell out for quick easy low bucks and then see the overseas buyer make 
a huge killing.
I started thinking about the company who invented plastic eartags then sold out 
to the French 
can't think of their name now but I guess it goes way further back than that. 
The overseas buyers are laughing all the way to the bank after tossing a few 
pennies to
the grovelling peasants in NZ.
Then you look at some of the overseas chains who do really easy things like 
hiring out
cars, running hotels & & in NZ. I guess we'll be paying some overseas chain to 
do up our
shoelaces for us eventually. 
P.S. I'll be boycotting the Rugby World Cup in Australia too. :-)

----------
From: dsproul <dsproul@corsairmarine.com>
To: sharechat@sharechat.co.nz
Subject: Re: [sharechat] Frucor
Date: Tuesday, 23 April 2002 14:59

  

As a former Frucor shareholder, I used to buy Just Juice , H2Go, Pepsi instead 
of Coke, etc. even
if it meant paying a few cents more.

In a silent protest, since the takeover, I have  consciously avoided buying any 
Frucor product.  

Sour grapes I guess, and I suppose it won't even put a blimp on their profit 
statement radar even
if all the other disgruntled former shareholders did likewise. 

And I hope I am not jeopardising any Kiwi jobs with this no-buy protest.

What is the lesson? If you float a company on to the NZ exchange, retain 51% of 
the shares under
your control?

Dave
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