TENON

[ari]

Both on $1.33...amazing what a name change does

[ari]

Up and down like a ............... now sitting at $1.30 each. Is this a usual way for shares to respond with a capital repayment imminent??

[ari]

Looking better now after 2 days activity...the question now is what will the price settle to following 31/3 62.5c payment and cancellation of 1/2 our holdings...anyone willing to guess?

[cazzer]

why the sudden burst of activity? Was enjoying accumulating at $1.30. Bring on the capital repayment, then the news of the Tarawera forest sale, plus some good performance to come.

[ari]

cazzer.....I have got the feeling that Tenon is finally going to be the success story we have all waited for...$9m up on first move can't be too bad

[Unicorn]

New name, but apparently the same old story. Price suddenly moves against the trend for no apparent reason. Shortly afterwards an announcement is made. NZX finds nothing untoward.

A significant positive announcement (perhaps Tarawera sale) might be expected soon, based on recent price movement. With FFS/TEN it never seems to work in the order logic would suggest!

[good news]

they presented at ABN conference yesterday .. prob just re igniting the story ..

[blockhead]

could be after the 65.5c and the residual value after that,

Blockhead

[ari]

quote:they presented at ABN conference yesterday .. prob just re igniting the story ..

Could be that their slide shows both in Sydney & here have ignited the Institutional Investors....

[Prophet]

I think its just the value proposition being uncovered at the bottom of the baggage dragged around by this company.

Post the capital repayment this is very much a different company. Low debt, moderate no. of shares, assets capable of making a half reasonable return on capital.

At $1.39 pre capital return I still rate this as good value.