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May 17, 1988

GEC’S DISMAL SHARE PRICE PERFORMANCE

By CBR Staff Writer

We’d had it in mind for a week or so to return to the nagging problem of GEC Plc’s dismal share price performance – down at 150 pence yesterday, making it only Britain’s fifteenth biggest company by market capitalisation, down from tenth ahead of Meltdown Monday, and the third biggest at its best – and the prospects of a break-up bid, but the Evening Standard beat us to it yesterday, pointing out that the problem is that GEC is still so big that unless the likes of BTR Plc or Hanson Plc are prepared to get involved – and they likely would have moved by now if they were – the impasse will remain, because no British government, surely, would allow the company to fall to the likes of General Electric Co in the US or Siemens AG in West Germany.

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