Director stakebuilding18 Jan 2008 15:29
There are in fact three Directors, not two, the Freshwater brothers, Denzion and Soloman and their uncle Mr Davies. Their large shareholding does indeed say a lot about the commitment they have to the business their Father started from nothing after escaping from Germany at the onset of war. They stated at the last AGM that they have as many shares as they want ,tempted though they were by the fall in value , to avoid further illiquidity.
They have pursued a winning formula of gradually building the business taking advantage of the swings in value-making sure they, unlike many unitised funds, they are never forced sellers,more astute buyers, hence using the swings to their advantage, and that of us grateful long-term shareholders.