Forum Archive Index - April 2002

[Mike Hudson <mikehudson@clear.net.nz>]

If I remember the ear tag company's name was Allflex.
That must make me even older than you Hugh
Cheers
Mike H
----- Original Message -----
From: "hugh webber" <hugh.webber@clear.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Tuesday, April 23, 2002 5:45 PM
Subject: Re: [sharechat] Frucor


> 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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