Something else which Hamilton and Godber have been pursuing over recent months is to buy into companies which make disposals on an opportunistic basis. A recent example of this was Dairycrest, which sold off its milk business to German food company Muller this year.
“Dairycrest sold a division which lost it around 20 million pounds in the first half for 40 million, which made a fantastic improvement in its returns on capital,” she noted.
The fund has 67 stocks in it at present and is holding 8% as cash.
