RC Brown's Brown snaps up new share issuances amid '2009-style' opportunity set

Brown, who has co-managed the portfolio alongside Bob Brown and Alan Beaney since 2006, has either added new positions or increased his weightings in the likes of ASOS, essensys, IMI Mobile and WHSmith, as a greater number of high-quality companies with strong balance sheets and "sensible management teams" have decided to raise capital amid the pandemic. "The situation we are in is unprecedented, but it does give rise to a lot of companies needing to raise capital for obvious reasons because, in some cases, their sales have fallen off a cliff," the manager said. "Yes, the companies ca...