GREY:GULSF - Post by User
Comment by
JohnnyOilon Jul 13, 2007 7:39am
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Post# 13082882
RE: Full Report from Pescod''''s Newsletter
RE: Full Report from Pescod''''s NewsletterThere has been a lot of debate over the past couple of months regarding which is the better play, MNL or GUL. I was a strong proponent of MNL, simply because they had fewer shares outstanding, a greater percentage in Lytham and identical percentages after that. The market clearly agreed as the gap in price between MNL and GUL has completely closed. Now with the share offering my MNL and the prospect that GUL is going back into LV, I do believe the pendulum has switched the other way. We'll see what the market has to say about that.