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European Wealth chair sees value in UK housing stocks

The executive chairman of fund manager  European Wealth (LON:EWG), John Morton, believes that with no value in the debt market there are still plenty of worthwhile investment opportunities in small and medium cap companies although he concedes there is an element of frothiness in parts of the market.

He thinks there is particular value in the UK housebuilding sector. He also reckons that despite the uncertainty about Greece's future, AIM listed companies should be unaffected by the possibility of a Grexit.

Quick facts: Kingswood Holdings Limited

Price: 14.5 GBX

Market: LSE
Market Cap: £31.45 m

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A 'sigh of relief' at European Wealth now they're back on an even keel after...

On the back of their £8.8mln fundraise, John Morton, chief executive of European Wealth Group Limited (LON:EWG) tells Proactive the main strategy behind the injection of cash was to replace a convertible loan they had in place which was due for repayment. ''It got to the stage where we...

on 18/7/17

2 min read