Forum Archive Index - February 2002

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

However GPG now has little interest in Inchcape (see below) dated 21 Jan 02

 

 FT say: "For Sir Ron Brierley, rarely will failure have brought such sweet reward. In February last year, with Inchcape shares at 329p, Sir Ron's Guinness Peat Group was rebuffed after calling for the break-up of the automotive services business. At the time, GPG, with a shareholding of 16 per cent, claimed the sum of Inchcape's parts could fetch 500p a share. They are currently 609p, on a forward p/e of 8.3, and GPG has used this strength to reduce its stake to a non-notifiable level.

D.