EUROPEAN COLOUR on "bid" alert

Mr G it was; close to 20% now. Surely we should see some action in near future.
Believe the Magruder move will be to do with getting US grades of the Dyecom types, making EC the 'Last man standing' in the US. Will take some time to shake out and get secure arrangements with Sun/DIC and former Flint ink accounts.

Still think Gyllenhammer will be after tangible assets and the recent half year report gives EC a positive asset/liability picture.

Don't agree with your view on Steve Smith, I think he is a straight up guy with a clear view of where he wants to get - question is whether Mr G will give him the time.

Guys I have talked to in the US point to the favourable tax advantages for US private pensions from this kind of venture funding, so I supect this could be a patient game!
Have to confess to an emotional attachment to this company - having held for over ten years, buying in at 11p and holding through the Mike Armitage years.

I'd just like ONE of my UK manufacturing investments to come through, after a DISASTROUS investment in Pilington Tiles - where I'm still waiting for the sale of the Poole site.
Happy Xmas!