Bought at: 87p (August 2012)
Sold at: 130p (April 2013)
B.P. MARSH & PARTNERS WAS a financial services company that had slipped under the radar, a bit like oil-rig services company Velosi (Chapter 8). The company is a niche financial venture capital provider. These are usually of no real interest to me due to the illiquidity of their underlying investments and the manner in which valuations are established.
But B.P. Marsh & Partners was slightly different.
The company is part of the financial services sector and has been listed on the London Stock Exchange AIM market since 2006.
In 2012 I spotted the company on a list of companies that were trading at large discounts to their net asset valuations. ...