Ann: 3rd Quarter Trading Update, page-15

I know a lot of people and fund managers go on about their 'eclectic' collection of stocks, but I think you certainly can claim such a feat!
Out of interest what draws you to VLE? Do you know the managers? Seems a strange group of companies, but clearly they've been executing well over the last few years. Is it mainly their impetus investment? the shire foods seems to be going backwards and the security company seems quite small.

also with regard to Focusrite - have you looked at ad8? hard to value but seems to be running away with AV digitisation.

anyway thanks again for the leads - makes for interesting reading