Wednesday, 22 April 2009

China Gateway shares rise

Shares in Commercial Group Properties, the company behind China Gateway have risen from trading at 3p on the first of this month to trading at 50p today. I noticed that they are hoping to buy the land at Manston that TDC and KCC bought for £6,286,250 for £3,000,000 and wonder if the two things are somehow related.

I know there were some concerns about the closeness of the relationship between Commercial Group Properties and the council during the Chinagate incident, so this large and sudden rise begs some interesting questions.
Update click here to view the title I had assumed the land was bought by EKOS not KCC so the loss £3,286,250 would fall to them.
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1 comment:

  1. derick97April 22, 2009 3:45 pm

    Should be A return on someones investment then, better than carpets

    ReplyDelete

Comments, since I started writing this blog in 2007 the way the internet works has changed a lot, comments and dialogue here were once viable in an open and anonymous sense. Now if you comment here I will only allow the comment if it seems to make sense and be related to what the post is about. I link the majority of my posts to the main local Facebook groups and to my Facebook account, “Michael Child” I guess the main Ramsgate Facebook group is We Love Ramsgate. For the most part the comments and dialogue related to the posts here goes on there. As for the rest of it, well this blog handles images better than Facebook, which is why I don’t post directly to my Facebook account, although if I take a lot of photos I am so lazy that I paste them directly from my camera card to my bookshop website and put a link on this blog.