An interesting take on GPG and "Sir Ron" in the NZ Herald. From...

An interesting take on GPG and "Sir Ron" in the NZ Herald. From an astute investor, not a mere scribe.

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10731488

Extract

".....Will GPG's asset realisation programme be successful and will shareholders ultimately receive more or less than the net asset value of 54.8 pence quoted by Campbell at the meeting?

The last question is extremely difficult to answer for a number of reasons including the unattractive nature of the investment portfolio, the future of Coats, pension fund liabilities, EU fines, tax and currency considerations amongst others.

Sir Ron always said GPG had a finite life but many of its investments will be difficult to sell because the shareholdings are large and GPG's options are curtailed by takeover code requirements. ....."