pbd....phew.....cnb..no sellers, page-11

re: cnb..no sellers Hi jon 1.
I have read the Concise 2002 report and could not see anything to say the 2003 results will not match the 2002 results . I cannot see how you can know what the assets are worth as the accounts would be drawn up on a conserative basis. Also the PE Ratio is so low on the 2003 results that there would have to be a Ginormouse fall in the profits to put the Earnings yield at 10 for example.Wages should be a reward of management effort , not where one is based.
The company is very well run I think that you would agree and there arenot many shares for sale also becayse GBG (GSP) interests own about 60 % and they are obviously building up the company and have been doing so for a number of years . MR Alexander is a very cluey fellow also.
best wishes
B2