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...
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