Toadpool : assets of £4.5Bn are worth £4.5 Bn if the valuation is done "in the present climate"
Skyman: I don't understand, where did I say Peel would be ignoring their losses.There is nothing sentimental about my comment, it is made with the benefit of a reasonable degree of knowledge and a cynical, but often IMHO accurate, nose for these things. Here on Teesside we've seen it all before.