HOLD­SPORT

Finweek English Edition - - INVESTMENT -

BUY As­set man­age­ment f irm Ves­tact con­tinue to like this small-cap re­tail player. Port­fo­lio man­ager Sasha Naryshkine notes: “The com­pany has com­pelling in­vest­ment fun­da­men­tals, the stock trades on a 12 mul­ti­ple with a yield of around 4.9% (for­ward). [...] Kevin Hodgson, the CEO, is a sig­nif­i­cant share­holder, as much as 12.5%. Another rea­son to hold them, man­age­ment [and Coronation 25%] are in waist deep. Ac­cu­mu­late on weak­ness!”

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