Ron Brierley still selling out of GPG, rated 'outperform' by analysts

Wed, 19 Dec 2012

By Paul McBeth Dec. 20 (BusinessDesk) - Guinness Peat Group founder Ron Brierley has sold another 5 million tranche of shares in the investment firm, even as it's rated an average 'outperform' by analysts. The veteran corporate raider sold the shares yesterday at 47 Australian cents apiece for some A$2.35 million, or $2.95 million in New Zealand dollar terms, according to a statement lodged with the stock exchange. That leaves Brierley with some 31.9 million shares, or 2.01 percent, or GPG. Since embarking on his sell-down in October, Brierl...

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