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Athelney Trust

  • BY: Andrew Hore |
  • POSTED: 25/08/2008 |

Small company investment firm Athelney Trust is switching to the Main Market on 24 September. 

Athelney was one of the original 10 companies on Aim when the market was launched on 19 June 1995 but it has always remained small. At 138p a share, Athelney is valued at £2.49m. At the end of July 2008, the company’s share portfolio was worth £2.25m. On top of that, nearly 13% of the company’s total net assets were in cash at the end of July.

Athelney is probably the smallest company to make the move from Aim to the Main Market - if not it is one of the smallest. It talks about improved liquidity for the shares and more investor analyst interest following the move.

Possibly even more important is the chance to become an approved investment trust. This will give Athelney tax benefits. 

Athelney specialises in investing in companies valued at less than £100m. It likes undervalued growth companies that pay dividends.

The move to the Main Market will cost £104,000. 

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