Opinions
Paul Gardner, CFA
Sceptre Investment Council Ltd
SZ-T
BUY
Nov 24, 2009
He did like it and he did get out previously. There is great cash on the books. Generally descent performance. The one negative is that it has a lot of institutional and pension business. The best part of the business is the private client business because of better fees. It’s relatively cheap and a chance there could be a takeover, although he is not sure they are set up for it. He is not interested in this point in time but it probably could go up from here.
$5.450
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