Annual Report of the month – from Athelney Trust!
Athelney Trust was founded in 1994 and became one of the ten pioneer members of AIM or the Alternative Investment Market as it was then called, moving to the Main Market in 2008. It has steadfastly followed its small/micro company investing focus since inception and its Annual Report is always an entertaining read. Here is a brief introduction to a refreshingly different investment trust…
The Chairman’s Statement and Business Review of 2017 kicked-off with the usual, cracking comments: “The Treasury predicted I would become the most unpopular man in Britain. This was the only correct forecast that the Treasury made in the several years that I was chancellor.” Former Chancellor of the Exchequer Norman, now Lord, Lamont. “Get your facts right, then you can distort them as you please.” Mark Twain. Despite its small size (net assets at 31 Dec 2017 were only £6.1m) highly experienced investment manager Robin Boyle (age 73) adopts a well-diversified approach to the world of smaller quoted companies with…