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| Subject: S.U.I.T/Eureko/HypoVereinsbanks 90%shareholding in F&C | |
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Author: ERG insitutional interest ASXannouncement dated 22/10 |
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Date Posted: 01:28:27 01/20/03 Mon Thank you for using the forum, Wonder Woman Your entry has now been added to the forum as follows... Name: Wonder Woman Location: Sydney, NSW Australia Date: Monday, January 20, 2003 at 8:25:39 PM Subject: Hi Sabretooth, ERG insitutional interest ASX announcement dated 22/10 Comments: Hi Sabretooth, plenty of institutional interest in ERG,see ASX announcement dated 22/10 relating to top twenty 29/8. SUIT which stands for Special Utilities Investment Trust have converted some unlisted notes already. SUIT have listed notes as well along with Australian Ethical, together post reconstruction the two of them will own 52% of ERG--S.U.I.T. is owned by Eureko who bought out HypoVereinsbanks 90 per cent shareholding in Foreign & Colonial (F&C the original subscriber to the listed notes, through Special Utilities.) for 414 pounds in December of 2000. (mention is made of SUIT in forum post Monday, January 13, 2003 subject ERG somesavings/points identified/period 30/6/02 to 31/12/02the report date understood now to be early February (BB associate)--on the Jan 13 post--stated is March 11th (which was the date the entity reported last year) and again in post 1/7/03 subject: ERG-here is an example of interest rate savings--effect on bottom line.Eureko is a substantial pan-European financial services group. (basically they are worth squillions) previously posted also are some dates on Investable weight factor (Institutional insterest) which is adjusted once per year between March 15 and 22 unless there has been a substantial shareholder movement beforehand, which in ERG's case there has, although best to see the exact details pertaining to that at the Standard and Poors website. (for it depends on the type of institution that leaves or joins the share register on.) Regards,--WW. [ Next Thread | Previous Thread | Next Message | Previous Message ] |