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Old 25th Apr 2008, 17:49
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Momentary Lapse
 
Join Date: Jan 2004
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Or storing cash for the lean times ahead - following Martin Lewis's advice and reducing debt

MAPLC bought HUY thinking it was the cool thing to do, then suddenly got the chance to buy EMA (getting BOH for free - lucky them) though they paid well over the odds for it thinking they'd spoil any other bidders' chances. Pity there weren't any.

Having bought those two, they realised that HUY was a bit embarrassing but had to be seen to hang onto it to save face. I'm surprised they've waited this long.

I wonder if they'll offer the former MAPLC employee and HUY's MD, Rob Goldsmith, a job within MAG, or will they leave him out in the cold?
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