New position – 9% portfolio weight.
It has a market cap of £25.9m and a NAV ex goodwill of £94.3m. Simply getting to this implies a 200%+ return…
Rasmala (formerly known as EIIB – European Islamic Investment Bank) is an asset manager. It used to be a bank but has recently re-focussed on asset management.
Continue reading “Rasmala – Investment Manager trading at less than net cash”
Just added a new position in Walker Cripps Group.
I believe it is materially undervalued and it will likely be taken out via an acquisition. At the current share price the assets under management (AUM) – and the business are practically free.
Continue reading “New position Walker Cripps Group”