Spare a thought for the unloved
Oct 27, 2021
4 minutes
STORY STEVE JOHNSON
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Back in 2017, colleague Gareth Brown and I attended a broker meeting in London. After a dreary hour of pitches about overpriced growth companies, we had our jackets on and were heading for the door. As a last attempt to extract something useful, I asked the analyst, “Do you cover anything a bit more attractively priced, perhaps something with some hair on it?”
The response was a sheepish yes – a business the broker personally liked but one they had ceased covering for reasons that soon became obvious.
Blancco Technology, listed on AIM, a sub-market of the London Stock Exchange, had just fired its managing director (it
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