Ann: Net Tangible Asset (NTA) Value as at 31 May 2017, page-14

Yes, that summarises their strategy over the years, from Brierley Inv, GPG, and all those others.

I have also been a follower over the years. But I sometimes wonder whether they are just having
fun in their ageing years. Although Ron takes no salary or fees. i am just frustrated by the apparent
lack of communication, leaving us punters to make strategic assumptions.

Like you say, in the 'old days' we were made more aware of what was intended.

i am there out of interest, and a long history of association.

Still have faith in cashing up eventually with a reasonable cash profit, perhaps a dividend
in the meantime.