RE: News!!! TLF sells Shares for $5.5 million They had the option to buy the 47% they did not own and now they sell the 53% to the other shareholders, plus they get their receivables down by 10%. I can't see where this asset was recorded on the balance sheet but I presume they accounted for North West's P&L by the equity method as it was a significant affiliate..anyway I wonder what the financial performance of North West was/is. Also, will the 100% owned aircraft company Alta flights continue to actually do work for North West? I like what you say about it showing the underlying value of Telford's assets and guess this has to be good? Of course it has still to be finalised but it sheds some spotlight on the company. (I am quite long.)