In retrospect, this UK-listed fund manager and administrator chose a challenging time to float their business on the stock market, just ahead of what some are describing as the worst financial crisis since the 1970s.
Not surprisingly the shares have found it hard to make progress and are still trading only modestly ahead of the 160p flotation price.
However this is a superb business and subscribers should take the opportunity to buy the shares. Once markets do recover and they will eventually these shares are going to race ahead, meanwhile they are likely to prove resilient in difficult times.
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