Guinness Peat Group(GPG)

Sector:

General Financial

Market Cap

£715.57m

Change Today

Price Down-0.50p

Share Price

50.50p

Guinness Peat asks Newbury to oust chairman

Date: Monday 04 Feb 2008

LONDON (ShareCast) - Guinness Peat and fellow shareholder Allied Mutual Insurance Services have asked Newbury Racecourse to remove its chairman David Sieff.

Investment group Guinness Peat, which last week increased its offer for Newbury to £11.50 per share, also wants to oust two other directors, Nicholas Jones and Brian Stewart-Brown, and replace them with Richard Todd with immediate effect.

The firms also called on Newbury shareholders not to enter into any contract with David Wilson Homes or any other member of the Barratt Development group of companies.

Guinness Peat, which holds a 26.21% stake in Newbury, said the increased offer it made last Friday is final and is in excess of Newbury Racecourse's estimated net assets per share of £11.45, based on the company's own valuation of its surplus land.

Sieff, meanwhile, said in a letter to shareholders that the new offer “significantly undervalues’ the company and its prospects.


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

GPG Market Data

Currency UK Pounds
Share Price 50.50p Price Down
Change Today -0.50p
52 Week High 65.91
52 Week Low 49.50
Volume 20,120
Shares Issued 1,416.98m
Market Cap £715.57m
Beta 0.05
RiskGrade 108

Performance Indicators

Compare performance with the sector and the market.
Find out more
Key: vs Market vs Sector
Value
90.86% above the market average90.86% above the market average90.86% above the market average90.86% above the market average90.86% above the market average
78.45% above the sector average78.45% above the sector average78.45% above the sector average78.45% above the sector average78.45% above the sector average
Price Trend
0.29% below the market average0.29% below the market average0.29% below the market average0.29% below the market average0.29% below the market average
13.83% above the sector average13.83% above the sector average13.83% above the sector average13.83% above the sector average13.83% above the sector average
Income
64.26% above the market average64.26% above the market average64.26% above the market average64.26% above the market average64.26% above the market average
19.15% above the sector average19.15% above the sector average19.15% above the sector average19.15% above the sector average19.15% above the sector average
Growth
85.88% above the market average85.88% above the market average85.88% above the market average85.88% above the market average85.88% above the market average
81.72% above the sector average81.72% above the sector average81.72% above the sector average81.72% above the sector average81.72% above the sector average
Price Chg 6m
4.36% above the market average4.36% above the market average4.36% above the market average4.36% above the market average4.36% above the market average
14.62% above the sector average14.62% above the sector average14.62% above the sector average14.62% above the sector average14.62% above the sector average
P/E
64.55% above the market average64.55% above the market average64.55% above the market average64.55% above the market average64.55% above the market average
48.91% above the sector average48.91% above the sector average48.91% above the sector average48.91% above the sector average48.91% above the sector average
PEG
92.80% above the market average92.80% above the market average92.80% above the market average92.80% above the market average92.80% above the market average
83.78% above the sector average83.78% above the sector average83.78% above the sector average83.78% above the sector average83.78% above the sector average
Dividend Yield
53.42% below the market average53.42% below the market average53.42% below the market average53.42% below the market average53.42% below the market average
80.43% below the sector average80.43% below the sector average80.43% below the sector average80.43% below the sector average80.43% below the sector average
EPS Growth
94.74% above the market average94.74% above the market average94.74% above the market average94.74% above the market average94.74% above the market average
94.55% above the sector average94.55% above the sector average94.55% above the sector average94.55% above the sector average94.55% above the sector average
Operating Margin
22.17% above the market average22.17% above the market average22.17% above the market average22.17% above the market average22.17% above the market average
8.74% above the sector average8.74% above the sector average8.74% above the sector average8.74% above the sector average8.74% above the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

GPG Dividends

  Latest Previous
  Final Final
Ex-Div 05-Mar-08 07-Mar-07
Paid 19-May-08 21-May-07
Amount 1.00p 1.00p

Trades for 05-Sep-2008

Time Volume / Share Price
11:59 20,120 @ 48.00p

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