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Churchill China

  • BY: Andrew Hore |
  • POSTED: 23/03/2009 |

New Landfinance Ltd has taken an 11.1% stake in Churchill China.

New Landfinance has stakes in other small companies including 11.6% of ClearStream Technologies and 8.52% of fully listed Litho Supplies.

Churchill says that it made profits of at least £3.3m in 2008. The company’s net asset value was £29.5m at the end of June 2008.

At 167.5p a share, which values Churchill at £18.3m. Net cash is more than £7m. 

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