Leeds Group- leading to a capital return

langland

I eventually got this reply from Ewen Wigley a couple of week ago. Perhaps i´ll email him again today and see if they have a date yet.

I think they´re going to deliberately sneak them out just before Christmas. I think it suits the Swedes to keep the price low so that they can buy in the stock and increase the value of their own stake.

Dear Mr Lame-Stocks

I refer to your e-mail to Malcolm Wilson below.

Firstly I apologise for not responding my promptly - which is entirely my fault.

I cannot give a firm date yet for the announcement of the results but would very much hope that the timing would not be dissimilar to last year. Whilst you are correct that the Leasing company is no longer part of the Group, the sale of that business took place during the 05/06 financial year and therefore has to be included as part of the audit process.

With regard to the cash in the balance sheet, the Board is considering all of the options available to it. However I hope you will understand that it is not appropriate for me to say anything until the formal results are published.

Yours sincerely

Ewen Wigley