Good to see that GPG is getting better than 'book value' for the...

Good to see that GPG is getting better than 'book value' for the assets that are being sold (even if the premium to book value is only modest).

In the context that GPG is selling for less than 50% of book value, GPG stands to be a rewarding investment for those who are prepared to be patient!!

Given the problems in the European financial system, the results to date are pretty good. Continues good trading from Coats bodes well for the future!! but will probably have to be patient before Coats is sold.

Interesting that GPG has negotiated a new GBP 130m undrawn loan, could be an indication of a significant share buyback or capital return.