CMO - Colonial Motor Company

[percy]

That is way higher than I was expecting!

The holdings are all old money, and would probably follow an adage similar to that of Mark Twain (aka Samuel Langhorne Clemens) if you gave the suggestion of extracting value, through splitting up the assets.

From memory either GPG or Brierly were shareholders and had similar ideas as you have.I note they are no longer there.I suspect the Ford agency is very difficult with Hyandi expected to take over the No.1 position from Toyota in the next few years.With property market also difficult,the Gibbons family may not be receptive to new ideas.You may have to wait for another generation or two of Gibbons for movement.A good few years ago Hutchinson Motors in Ch-CH were offered the Toyota agency but Ford would not allow a Ford dealer to have another agency.In Auckland Bob MacMillian gave up the Ford agency or sold it and took on BMW.