Fysshey business
I THOUGHT so: it's a hold-up on the Dart Valley Railway. A few weeks ago its share- holders were startled to hear from an outfit called Value Investments, offering to buy their shares at £3 a time. I urged them to sit tight and see what happened: 'If some- one is trying to build up a stake in the com- pany they need to flush him out into the open.' Now they have. On Value's behalf, the piscine firm of Fysshe Horton Finney is tendering £4.50 a time for enough shares to bring its client's stake up to 29.9 per cent. Value Investments apparently belongs to David Barry, who is described as a retired merchant banker, lives in Guernsey and is all smiles: 'We think the directors are doing an excellent job, we have no intention of interfering in the management. . . . I dare say, but if the other shares are widely held, 29.9 per cent would be a dominant share- holding, and few people build up that sort of stake in a company because they like it just the way it is. Shareholders should con- tinue to sit tight. Long may the Dart Valley puff profitably from Kingswear to Paignton, but if Mr Barry wants to play with this train set he had better bid for it.
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