CH BAILEY.......about to fly ???

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Arthur_Lame_Stocks - Thu, 21 Dec 06 :

I tend to agree with harrogate. The stock has been a mixed bag of totally unrelated "businesses" for too long. I get the impression that the old Bailey treated it as his personal feifdom and bought things that he could have fun with such as the safari camp and motor yacht and hotels.

If they´re serious about turning things around and realising value for shareholders then they need to sell off the investment portfolio first (what´s the point in it?) then realise the value in the property, which may take some time but is worth getting right and then have a good think about whether it is worth being a small engineering business.

IMO.


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