Forum Archive Index - April 2001

["DR" <kat47@bigfoot.com>]

GPG interest in TIP

By 22 Sept GPG had acquired 6.45% at prices below 110p and at 29 Sept had 11.90%, presumably at about 110p. On 1 March 2001 this had increased to 17.86% and their tender offer suggests 18.10% at 28 March. Another player, Lupus Capital is stake building and is close to 5%. Lupus is a strange animal and has often been thought of as apump and dump operation because of it wild price fluctuations. It had nil cash on hand as at its year end 31Dec 00 but may have liquidated other investments to get this far. However it may be in cahoots with the management for their buyot purposes. Either way GPG will have the bigger pockets, if it wants to go further.

D.