Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SargeK who wrote (53685)	10/29/1999 10:01:00 AM
From: SargeK	Read Replies (1) of 95453

Holloway and Friede Goldman Halter - FGH The following posted on YAHOO FGI: "In calculating SE for FGH, I sacrificed specificity for simplification and clarity. The $269.7m FGH SE/39.8m FGH shares provided an approximate, simplified BV of $6.77 a/o 6/30/99. I was attempting to determine the significance of Holloway's opening remark regarding the merger: “''Creating shareholder value is the foremost job for management” biz.yahoo.com In a nutshell, using FGI stock as currency, Holloway purchased HLX SE at a huge discount due primarily to disparities between Market Valuations and Asset accounting. The merger was anti-dilutive because the real assets gained far outweighed the number of shares used in the acquisition. My question was: “What will he do with the increased assets?” I think he succinctly provided the answer (above). As the single largest stock holder in Friede Goldman Halter (FGH), it is in Mr. Holloways personal best interest to increase Market valuation. I have no doubt he can and will do so." GO Holloway! SargeK

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next