Ann: Change of Director's Interest Notice, page-5

Unsurprising to hear Lanyon be very positive on GCS - Lanyon started buying early (October last year) and have progressively increased their stake to ~19%, so it's a big bet for them given their entire fund is ~$200m and they tend to hold a lot of cash.

That said, i think Lanyon's favourite stock for quite a while up until GCS came along was PMP...hopefully for our sake, GCS works out a little better than PMP. It's funny to see that even professional value investors fall into the trap of buying dying business (like PMP), which are extremely difficult to make money from almost regardless of how cheap they get. GCS is an unquestionably mediocre business but i am at least confident the demand for its products and services isn't in terminal decline, as it is for PMP.