Rasmala – Investment Manager trading at less than net cash

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.

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