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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Guinness Peat | GPG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 23.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 23.00 | 23.00 |
| Top Posts |
|---|
Posted at 31/1/2012 16:05 by wexboy Hi folks,Continuing my series on activist investors and other catalysts. Latest post highlights over a dozen listed activist funds/vehicles that you can invest in, including GPG: I hope you'll take a look (and plse don't hesitate to comment or email me). Cheers, Wexboy |
Posted at 11/5/2011 19:15 by johnstonp from todays Times City Diary - Dominic Walsk"Going, but won't be gone for long The end of an era at Guiness Peat Group yesterday as Blake Nixon confirmed he would be stepping down as UK executive director at the end of next month after 21 years with the activist investment firm. The news that he will move to a non-executive role comes after the announcement in February that GPG, established in its present guise in 1990 by Sir Ron Brierley, is to sell off its investment portfolio over the next two to three years and return the cash to investors. The sell-off plan caused plenty of wry smiles in the boardrooms of companies like Young & Co's Brewery, Adnams and Newbury Racecourse that have felt the wrath of Nixon and his colleagues, as itwas launched at the behest of disgruntled GPG shareholders. But those cracking open a bottle or two of ale to celebrate Nixon's exit may yet choke on their pints. The word is that he is stepping down to set up his own fund with a view to lauching a bid for some of GPG's chicest investments " |
Posted at 31/12/2010 11:22 by johnstonp Times City Diary- Peter Stiff 31/12/2010"Guinness Peat Group has won a reputation as an abrasive corporate raider and activist investor. Just ask the brewers Adnams and Young's what its like to have GPG on your share register. Wry smiles all round, then, at the news that Pearson Securities, an activist investor has made an "opportunistihc bid to acquire GPG shares cheaply" |
Posted at 16/6/2010 01:57 by nod GPG to split in two By TIM HUNTER - BusinessDay.co.nz Last updated 12:01 16/06/2010 Investment company GPG has announced plans to cut itself in two as it strives to return value to shareholders. In a statement this morning, GPG said it would spin-off its Australian assets and cash of $220 million into a new company called GPG Australia, to be listed on Australian and New Zealand stock exchanges. GPG's other assets, principally thread maker Coats and NZ investments Tower and Turners & Growers, would remain in the original company listed on the New Zealand and London exchanges. GPG's biggest asset, Coats, would be floated within two years, the company said. Chairman Sir Ron Brierley said the scheme would create "an exciting and regioanlly focused activist investment company in Australia with the entrepreneurial flair to craete value for shareholdesr in the best traditions of GPG.'' The proposal follows speculation of a deep rift in GPG's board, with New Zealand director Tony Gibbs said to be unhappy with an Australian spin-off. Some institutional investors are understood to be critical of GPG's investment performance, particularly its Australian assets. Full details of the demerger plan are due for release in September, with a shareholder vote due in December. |
Posted at 09/2/2010 21:54 by nod my timing with GPG was not great ... August 2008 ... just ahead of the crunch!Fortunately, only a modest investment as I was somewhat nervous about the financial sector getting worse (I should have listened to my instinct and stayed out of the market). I would have added to GPG in March 2009 but I piled in elsewhere. As you will know, GPG is keen to liquidate assets in 2010/11. I'm hoping they will find a buyer for Coats this year. I would have thought Chinese investors would be v interested in Coats. |
Posted at 11/9/2009 12:31 by nod GPG has been busy in Australia the past couple of days. Perhaps keen to get in on what looks to be the fastest recovering economy.Put in bids for MMC Contrarian Fund and Tandou THE GPG bid for MMC Contrarian Fund is classic Gary Weiss - a bid at 48 cents a share for a company with a stated NTA of 56c, all of it being in cash. GPG is sitting on 30 per cent of the stock and, having recently acquired another 3 per cent, can only buy more shares via a takeover offer. As long as the market continues to undervalue the stock, Weiss is happy to spend 48c to buy 56c in cash. SIR Ron Brierley's Guinness Peat Group has launched its second takeover bid in as many days, the latest an offer to take control of the Mildura-based agribusiness company Tandou. On Tuesday, GPG said it would pay $47 million in cash to buy the 70.6 per cent of wealth and fund manager MMC Contrarian that it did not already own. That bid has already been complicated by the appearance of corporate gadfly Nicholas Bolton on the MMC register with a 5.6 per cent stake. Last night, Tandou revealed that it had received an unsolicited approach from GPG, already a 19.9 per cent shareholder, offering all other investors 30c a share for half of their stakes. |
Posted at 10/8/2008 05:47 by nod Tower Australia saleGuinness Peat Group will not reveal how much profit it will make on the sale of its 29.7 per cent stake in Tower Australia, but one analyst reckons it is at least A$186 million. GPG first bought into Tower five years ago when Australia was a subsidiary of the New Zealand company. It then helped to split off the Australian Wealth Management business in 2005 and in November 2006 separated the Australian and New Zealand businesses completely. GPG New Zealand boss Tony Gibbs said the Australian business had got to a point where it was good time for GPG to exit it. "Tower Australia is very much a company in growth phase. It's a very good business but has got to the point where we don't have much more to add to it. Dai-ichi certainly does. It has now got a very responsible parent. It will be good for Tower Australia." He would not reveal how much profit GPG had made on the deal but said GPG had done very well out of both this sale and that of the Australian Wealth Management business. Last year GPG sold its 19.2 per cent stake in AWM to institutional investors for A$267 million, booking a profit of A$172 million. But it seems profits from the sale of the Australian business may be even higher. Gibbs said the profit would be added to the cash already on its balance sheets. "GPG has always got good cash on its balance sheets. But in these markets any more cash is welcome to have." He said GPG had no further plans to split off any other part of Tower New Zealand, in which it recently increased its stake to 35 per cent, and it was "not hanging out the for sale sign on the business". |
Posted at 12/10/2004 10:07 by nod Turners & Growers lists at $3.20 29 September 2004 Shares in fruit and vegetable seller Turners and Growers listed on the NZX main board today at $3.20 and quickly lifted to $3.25. The stock had previously traded on the unlisted market where it last traded at $3.10. At $3.10, T&G would have a market capitalisation of about $220 million and putting it among the top 50 listed firms. No new shares were issued in the listing as no new capital was raised and brokers said there was a lack of liquidity in the stock. Sir Ron Brierley's investment vehicle, Guinness Peat Group (GPG), owns a 78.3 per cent stake and another 10 per cent is held by banana company Bonita. Most of the rest of the stock was controlled by about 1000 fruit and vegetable growers. ABN Amro Craigs broker Nigel Scott said there was no shortage of investor interest in the company, which dominates the domestic fruit and vegetable market, handling more than 200 million kilograms of produce a year. Some brokers expect its lack of liquidity to limit price movement. GPG has hinted in the past that it might sell part of its stake, but New Zealand director Tony Gibbs said yesterday it had no short-term sale plans. |
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