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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...
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