LONDON (AFX) - Shares in Lupus Capital made early progress in response to news that former Tomkins chief Greg Hutchings has taken a 12-1/2 pct stake in the company and has been appointed chief executive.

Lupus also revealed that talks on the sale of Gall Thomson, which has a healthy order book, have been terminated.

Lupus shares were 1.75 pence firmer at 11.12 by 8.09 am.

Anyone think further to go i'm hanginmg on here for the moment

I bought at 8p some time ago when they were in the proccess of selling all the assets of the company and returning the cash to the shareholders. I view this change of track as good news and will be hanging on to my shares. Greg Hutchinson is an active bussinessman and will not be content to site on the board of one shot company.I can see a lot of news coming through in the future. Some of it may be good. LOL. I have put these shares on the back burner and there they will stay.