Divided we stand: New Zealand's Fletcher Challenge splits its stock

Article Abstract:

Confusion and skepticism from analysts and investors alike have greeted Hugh Fletcher's strategy of splitting Fletcher Challenge Ltd into four units, trading independently. The company's pulp and paper interests often dragged down the overall stock price due to their volatility, so on March 14, 1996, Fletcher separated its construction, energy, forestry, and pulp/paper activities. Actually spinning off the first two would have entailed an extra NZ$1 billion in taxes, but the course he chose has won few converts.

Securities, New Zealand, Fletcher Challenge Ltd., Stock splitting

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Colourful Diagnosis

Article Abstract:

Ray Hidayat, a teen prodigy has won the silver in 2004 Asian Innovation Awards. He has developed a quick method of administering the Farnsworth-Munsell(FM) 100-hue colour-vision test.

Asia, Innovations, Achievements and awards, Gifted children, Vision, Vision tests, Hidayat, Ray

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