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
See IRG research reports
