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FRS - Ferraus Limited

Discussion in 'Stocks 0-H' started by motion, Aug 7, 2007.

  1. shinobi346

    shinobi346

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    They, like BRM, just told the limosine company to take a hike so we will probably see it fall a bit from here.
     
  2. mr. jeff

    mr. jeff

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    Have had a look into the bid ( received formal bid stmt. today ) and it stacks up like this:

    6 Wah Nam shares per 1 FRS.

    at current price of Wah Nam sp = 1.64 HKD, (code on HKex is 159)

    6 x 1.64 / 7.6 (HK$'s per AUD$1)

    gives you $1.29 for FRS shares which currently sit at $ 0.97. sounds great put like this. The reality is a little different it seems, an all scrip bid that went down like a lead balloon.

    Interested to see what FRS comes up with next.
     
  3. shinobi346

    shinobi346

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    Takeover offer extended to the 16th of Feb. No surprises here.
     
  4. mysteriousbrad

    mysteriousbrad

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    So whats going on with the WNI takeover bid... are they just wasting their time?? Extended til the 15th of March now.
     
  5. mysteriousbrad

    mysteriousbrad

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    What are peoples thoughts on WNI dropping the Acceptance condition and FRS's reply??
    Seems like BRM is very close to the new 50% threshold.
     
  6. YELNATS

    YELNATS Non illegitimus carborundum

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    Please refer to the last few entries on the BRM thread.
     
  7. mysteriousbrad

    mysteriousbrad

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    Well this is interesting... Atlas (AGO) take over bid for FRS???
     
  8. adobee

    adobee

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    they go well together and increase the amount of port access etc available. ..
    AGO is a quality operation..
    Question is will the chinese increase their bid or go for something else..
     
  9. mysteriousbrad

    mysteriousbrad

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    WNI has announced their offer will finish on July 15th! Looks like they are off after something else!
     
  10. shinobi346

    shinobi346

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    Looks like wham bam no thanks mam have conceded defeat and helped AGO cross the 90% line. AGO is now free to compulsorily aquire the remainder of FRS. No objections from me here.
     

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