Greenfield...

May 1, 2001
<b></b><b>Side-line stakes </b><br> Is it quite &amp;"cricket&amp;"? One or two builders seem to be running &amp;"nice little earners&amp;" on the side by taking stakes in rivals who have a bit of a share price dip.<p></p><p> Take YJL, a fully-fledged basket case by the name of Y.J. Lovell not many moons back. YJL managing director Paul Sellars has just collected £1.1 million from a quick turn on Gleeson, boasts a 15% stake in materials group Cape, a 20% slice of contractor VHE and has just bought Allen's building arm. </p><p>Philip Davies, naturally, is playing strictly by the rules at newly private Linden. He bagged a stake in Swan Hill around 40p a share in late 1999 in case &amp;"we could do something together&amp;" - and naturally warned Swan Hill boss John Theakston when a City institution gave him 80p plus the other day. </p><p>That's another £1 million in the bag for Linden - though Davies is pretty confident that he hasn't sold out to a successful bidder. </p><p>Stephen Wicks, who has completed a shrewd decade of wheeling and dealing at Country &amp;&amp; Metropolitan, is proud of his 7% holding in Tay. And so many builders hold Bett in their private portfolios …

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