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Hi John, Thanks for that, it was very interesting, it deserves at least two thumbs up. Not a bad response from the GC, but it did seem to miss the rather crucial aspect of why the heck neither of them are complying with the revised remuneration policy, and if either of them intend to do so in the near future. Ta Chris

I think understanding the remuneration is key to understanding why a flotation in good quality law firms won't necessarily be a bad investment, and goes some way to answering one of Paul's points. Usually, in most commercial law firms, partners will get a (sort of salary) each month, and then get a share of the profit pool at certain points in the year when the…

Elektron Technology (LON:EKT) has a hint of Avesco about it. It has a few trading divisions, one is storming ahead of the others (Bulgin/Creative Technology), non-core divisions are being turned profitable and/or then sold (Elektron Eye/Presteigne), and talk of a trade sale is being talked up (the approach on Bulgin/the purchase of Avesco group).It's difficult to know how much to read in to the "unsolicited…

Hi Graham (and Paul), Thank you for all you both do for us during the year. The above reflection on your portfolio is not only very helpful, but also typical of yours and Paul’s open, honest and straightforward approach to investing, and analysing companies generally. It’s rare and appreciated. I was also pleased to hear you (Graham) are a United fan, long may Ole’s unbeaten…

"...but I'd note that Burford is (surprisingly, at least to me) almost completely correlated with the wider market, but am beginning to wonder if this is an opportunity..."The share price of Burford Capital (LON:BUR) has reacted entirely in correlation with the wider market, but the performance of the company is uncorrelated with the what the wider business community is up to, and, to a lesser…

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