The problem with CAA has always been GPG with the GPG directors...

The problem with CAA has always been GPG with the GPG directors asleep at the wheel over the years and total lack of accountability. The decision to move to Bris was unfortunate but they did not have much choice. If Bremer had been built in SW Sydney as planned things would have been different. Thanks to GPG they bought the Crane enterprise in SA at a ridiculous price. Anyway no point in crying over the spilt milk. Going forward the major shareholder is Lang Walker - I have met the guy in my previous life in the property dev game. He is one of the shrewdest businessmen in Australia. He now has over a 6% holding. Hopefully he will use Capral products on all his developments. It would be fantastic if he became a director - he knows how to kick ass and does not suffer fools. This has got to be a good move for the future. He knows what he is doing but this is the last roll of the dice. I spoke to the Exec who put the re-structure together - whilst he would have a good spin on it I found myself being convinced that it can be turned around. But then again I am a lousy judge - I am too embarrassed to tell you how much I am down on CAA!