Richard Penny's 2 Penny Stock

This India-focused company lost Richard Penny lots of money while he was at L&G, but he's backing it in his new fund at Crux. The star manager talks us through his portfolio

David Brenchley 26 November, 2018 | 8:15AM

Pound coins, pound notes, penny stock, Richard Penny, Crux UK Special Situations

Richard Penny’s new venture at Crux is a punchy offering, illustrated perfectly by his backing of a company that he “lost a lot of money on” while at Legal & General.

The £10 million Crux UK Special Situations fund, launched on 1 October, will be run in a similar way to his L&G fund – high conviction, long term and with a decent exposure to small caps.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
British American Tobacco PLC2,940.00 GBP0.00
Centamin PLC124.05 GBP0.00
Cloudcall Group PLC74.50 GBP0.00
FP CRUX UK Special Situations I GBP Acc65.23 GBP-1.33
Hydrodec Group PLC2.35 GBP0.00
Instem PLC438.00 GBP0.00
Melrose Industries PLC75.26 GBP0.00
Mercantile Ports and Logistics Ltd0.43 GBP0.00
Rio Tinto PLC3,761.00 GBP0.00
Smartspace Software PLC16.00 GBP0.00

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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