To say this announcement is a surprise is to understate it. One...

To say this announcement is a surprise is to understate it. One can only hope that there is a favourable report on the way, that will restore confidence in this decision. I base this hope on the assumption that the investment in GML going back as far as it does, is strategically sound for CTO and that takeover is a logical step. Nonetheless it is a audacious move for MD Mark Lynch who at the end of the 1st Quarter put his future position on the line by announcing firm targets for 2nd, 3rd & 4th quarters this year. It is reasonable to conclude that this isnt the announcement of a Managing Director about to resign and therefore I have come to the positive conclusion that the 2nd quarters targets are met.