Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Verdes Management and the Method in the Madness of the £750,000 investment – a chat with David Newton

By Tom Winnifrith

8 March 2014 08:34

Two day ago my colleague Ben Turney rightly pointed out that whoever invested £750,000 in perennial dog Verdes (VMP) at 0.75p (giving it a £7 million valuation when the only asset is cash of c£550,000) was insane. So who is this lunatic? I tracked him down and the reality is that he is incredibly switched on… let me explain.

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Comments

wildrides

8 March 2014, 11:21

Why did the Buffet Beater pay 0.75 when he could have paid much less ?
Lonster

10 March 2014, 10:37

It’s also worth noting that the Helium Special Situations Fund has also invested in AIM listed 2ergo (RGO) and owns 16% of the company. It recently upped it’s shareholding from 60 to 64 million shares. 2ergo has been on its knees for a while trading at just 2.12p so Newton must really see something in 2ergo’s podifi product and its IP.
Tom Winnifrith

10 March 2014, 11:17

Lonster

N Wray also has shares in this one. I explicitly do NOT rate its management & here I would personally not buy stock at any price

t