Forum Archive Index - March 2002

["nick" <helmett@xtra.co.nz>]

   Sir Ron and the boys have dipped there toes into the IT sector, showing good timing after staying well clear during the bubble times.

 

   Guinness Peat Group plc became a substantial shareholder in Solution
    6 Holdings Limited on 01/03/2002 with a relevant interest in the
    issued share capital of 13,013,000 ordinary shares (6.56%).

 

  They only paid 64 cents for the shares and have an option to buy more at the same price.A few days after the purchase solution 6 posted a good looking result which has seen their share price move to .80c

 Most of the big brokers value the company a dollar plus.  However most have maintained a hold recommendation whilst issuing the caveat  that a recommendation review is likey in the near future.

  Still to risky for the conservative brokers but sounds as if they getting ready to upgrade,  A cynical person might say they want to buy the shares up for their firms before upgrading recommendation to obtain better prices for themselves

      With Sir Ron and Kerry Packer now on board it dosent take a genius to work out that there are going to be some good news stories emerging sometime soon. Im in at .70cents having followed GPG before with Wrightsons and Montana as well as the company itself, i have every confidence the share price will appreciate over the next couple of years.

 

   Nick