AIM-quoted investment company Gresham House Strategic (LON: GHS) has made a £1m gain on its investment in the newly floated MJ Hudson (LON:MJH).
The MJ Hudson stake was valued at £2m in the September 2019 balance sheet of Gresham House Strategic and it was held in a combination of shares and convertibles, which had the right to convert at a discount to the placing price of 57p. There were sellers of existing shares at the time of the flotation but Gresham House Strategic was not one.
The fully converted stake is 5.03 million shares, which equated to a 2.9% shareholding. This me...
