This sleepy old African and Far East plantation company which also sells wheelbarrows in the UK has taken on a new lease of life since George Soros's ex-righthand man Nick Roditi took control, currently holding 52%, and bought an 80% interest in American Russian property developer Steve Wayne's life.

They currently have interests in managing an 80 hectare site in St Petersburg - [more detail to follow when time].

The chart is showing a strong break out north of its previous all time high of 65.5p, standing today at 68.25p after a recent run up from 45p. There will be a golden cross on Monday as the 50dma moves up through the rising 200dma - a traditionally strong indicator of more to come.

No accurate figures are available as to the profitability and, frankly, knowing our man, I don't expect to be overwhelmed with informative RNS, but the name and the fun of being in on the ground floor of a new property fund in a high growth region of the world, as they gradually rationalise their former agri-business, is enough for me at present - up 75% since first entry last Feb and an interveninjg rights issue at 50% discount, for which I topped up to gain extra points. Being fully listed, this is ISAable.

I will fill in more detail above as time permits.

DYOR


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