Lon & Boston admitted to AIM @ 30% discount

Sunday Express - 14/04/02


Patti’s man Aims high. London & Boston Investments this week takes a step up the corporate ladder with a move from the Ofex stock market to the Alternative Investment Market (Aim). The investment boutique will switch on Tuesday with an initial market value of £4.7 Million. This means it begins trading at a huge 30 per cent discount to its portfolio value of more than £7 million. London & Boston is run by Stephen Komlosy husband of entertainer Patti Boulaye. The group’s investments include Avatar, a US - Listed oil industry software group, security outfit Croma and Energy Technique, the fast-reviving heating and air conditioning group of which it owns 20 per cent. Five months ago London & Boston acquired the 1st Mortgage business for 15 Million L & B shares and £100,000 cash. 1st Mortgage has assets of about £1.7 Million. London & Boston intends to continue using its paper and cash to pay for further acquisitions after its move to Aim.


Website www.london-boston.com