R.C. Brown eyes 'forced seller' Woodford holdings for buying opportunities

Participates in 'large stake' buyout of Ten Entertainment

Mike Sheen
Keeping an eye on buying opportunities

Keeping an eye on buying opportunities

R.C. Brown is closely watching the ongoing Woodford Equity Income sell-off for potential buying opportunities in listed companies after the firm recently pounced on bowling alley operator Ten Entertainment Group.

Ten Entertainment, which has seen its share price rise by around 8% over the past month, was purchased in June by R.C. Brown's MFM UK Primary Opportunities fund as Neil Woodford sold off "his large stake" in the group. Woodford Equity Income: The story so far A June investor update for MFM UK Primary Opportunities revealed R.C. Brown "along with other institutions" had bought out a chunk of Ten Entertainment from Woodford at an attractive price. The firm said it now anticipates "further secondary opportunities as Woodford unwinds his positions to meet redemptions". R.C. Brown ad...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Equities

Daryl Liew, CIO at REYL Singapore.

REYL's Liew eyes return to overweight positions in Asian quality growth names

'It's a question of timing'

clock 28 June 2022 • 3 min read
Industry Voice: T. Rowe Price's 2022 Midyear Market Outlook summary

Industry Voice: T. Rowe Price's 2022 Midyear Market Outlook summary

Transitioning to a new paradigm

Ritu Vohora, Investment Specialist, Capital Markets at T. Rowe Price
clock 23 June 2022 • 2 min read
Amazon shares are down 40% from its peak

Growth stock pickers feel like 'a kid in a candy shop'

'It is time to go shopping'

clock 22 June 2022 • 4 min read