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Well placed Gladstone

  • BY: Andrew Hore |
  • POSTED: 26/06/2007 |

The upheaval of XN extricating itself from Torex Retail and the shareholder disputes and EGM to remove the chief executive at Clarity Commerce could be good news for Gladstone. 

Its core health club booking and membership systems business is in a strong position to win work while its rivals are sorting themselves out. Gladstone has cash and property assets equivalent to 10p a share. The shares are trading at 27.75p.

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