Dont be too hard
on GPG. The returns for shareholders are better than
the shareprice would indicate. The yearly 10%
share splits and an increasing
dividend means annual returns are in double
figures.
The newsflow
is pathetic for a reason, they wouldnt launch many succesful
raids if they announced in advance what they were
up to.
Not all their attemped coups will pay
off, like all our portfolios there is always
one (or more) investments holding us back).
Overall they seem to be doing a good
job.
nick
Pity it isn't reflected in the share
price.
The newsflow from GPG is pathetic.
It still seems to be Ron's private fiefdom. The
UK price is now equivalent to $1.18. come in the arbitragers.
They failed again to get any movement in the
Young Brewery share structure. Why do they bother.
Staveleys is still an absolute disaster being at
only 70% of their cost.
they made one good decision in purchasing part of
Dawson International.
And what is happening with
brickworks?
I hink these guys spend most of their time
asleep
David
Reid
See IRG research reports
