.............Because i thought it would be rather a smart thing to do, of course..............
Greenfield (GFC) might be called a load of cr*p.........

.........but GFC is actually a very smart little company. They reversed into one of the many AIM cash shells late last year. They are a groundworks business, laying foundations for buildings, doing sewer connections and topsoil removal and excavation work. Heady exciting stuff of course.
Last year's pre-tax profit was 480k and in the first four months this year, business is reportedly 40% ahead of the same period last year. Among clients are builders like Bellway, Barratt and Wimpey. At 14p the market cap is a decidedly understated 4.5 million trading on about a miserly prospective p/e of 8. They are about to move to a premises no less than eight times the size of their current HQ, and expect to grow both organically and by acquiring companies in related businesses, such as landscaping and surfacing.
Also at present it is a regional player, but its customers are national, which will enable significant further expansion.
One of the best acquisitions by a cash shell for some considerable time, I reckon the shares should be at least 50% higher.

You know what they say, where there's muck, there's brass! Buy at 14p.

Well, it's goodnight and good luck ! turn the lights out on the way out.
my 10 value will probably go down to 1.. if I'm lucky!


09/11/2006 10:30am

TEMPORARY SUSPENSION OF TRADING ON AIM

GREENFIELD CONSTRUCTION GROUP PLC

At the request of the company trading on AIM for the under-mentioned securities
has been temporarily suspended from 09/11/2006 10:30am pending clarification of
the company's financial position.