Added a touch to Rasmala.
They have just released 2016 results. They were not good, in most ways, but there is still opportunity here.
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.