Midas recommended James Halstead shares in November 2018 at £3.72. They have risen 55 per cent since then to £5.50 and should continue to gain ground. A strong, long-term hold.
Foulston is shrewd, and progress to date has been encouraging, however the best is almost certainly yet to come. At £1.35 the shares are a buy and rising dividends represent a further attraction.
When Augmentum Fintech listed on the stock market in March 2018, chief executive and founder Tim Levene found it hard to persuade big City institutions to back the business.
The idea, Levene explained back then, was to build a company that invested in fast-growing financial technology firms and reap the rewards as these acorns developed into oaks. The flotation eventually got away, raising £90million – less than Levene had hoped for – at £1 a share.
Midas recommended the stock from the start and investors who subscribed to the flotation are glad that they did. The shares have risen to £1.40 and the business has grown rapidly.
Alternative investments are a niche area of the financial markets but interest in them is growing and MJ Hudson provides a range of valuable services to participants in the sector. Buy.