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Lakehouse - Bob Morton moves into driving seat

August 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • LAKE
  • Price:
  • 33.5p
The shares shot ahead after Lakehouse announced the proposed appointment of Bob Holt as its new chairman. Holt is, of course, of Mears-fame, a successful past recommendation for SCSW. Holt will remain as non executive chairman of Mears,  which is involved in response maintenance in the social housing sector, whereas Lakehouse is mostly  planned maintenance. He will now devote two days a week to Lakehouse. An EGM is planned for 9 August to approve the incentive package for Holt, which comprises 2.3m shares on his appointment together with a ratchet, which will pay out 4.6m new shares if the total return in share price is  between 58.6p and 98.4p within two years.Average down. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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