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james 2 - Wed, 28 Dec 05 :

monty - according to my notes the last piece of info re.Betex stake was during the last results release ;

* Investee company Betex Group plc ("Betex") was successfully admitted to
trading on OFEX in May. As well as our initial investment, we exercised our
warrants to increase our stake and took our corporate finance fees in
shares. Betex has subsequently announced that it has completed a #3 million
placing and that it is seeking to move to AIM. We have to date recouped a
large part of our original investment at a substantial profit.


LDC invested in Betex £400k @ 13.6 p per share (plus converted their mgmnt fees into shares). Part of the investment was realised shortly after Betex floated as for the remainder I would imagine they have sold down/selling down in line with their strategy.


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