3705 days ago
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.
The investor is a new fund The Helium Rising Stars Fund. It is run by a well-regarded “grey hair” David Newton. Newton already manages the Helium Special Situations Fund. It had made 440% in eight years. That is a compound rate of growth of 24% per annum, 1 percentage point better than Warren Buffett.
