GC1 hasn't been a success - Its not about GC1 or MG. In fact I...

GC1 hasn't been a success - Its not about GC1 or MG. In fact I wish that the Jones family had applied without GC1.

Firstly Peter Brook seems to be very well respected. I think that you need someone like him to get the wide spread of businesses to become focused and cohesive.

Secondly there is a reasonable expectation of a 10% holder to have access to the board or be on it.

I personally lost confidence in GC and I cannot truly get accurate information to evaluate the acquisitions performance once acquired. It led me to become uncomfortable - he did get what I thought was a stellar price for Morrisons but that isn't the job of a CEO its actually running the business.

Then there is the fact that this is the second S249. The results have been pretty poor and at best patchy. The share investment performance has never been clearly highlighted but this is what Financial planning is all about. The gap and the fact that the boards response suggests that even they finally have pit it into orderly winddown You don't do that unless its a problem.

I count this as a profitable investment that I didn't do a proper due diligence on. GC1 isn't the issue I suspect management seems to want it to be about a competition of GC1 vs SEQ. I sold out of both ...for very different reasons - I don't believe in small caps and they have had a very bad run. The small share index over 5 years has only risen by 7% yet the All Share has risen by 23.8%.