Investor takes a 20pc stake in Mallett
VALUE investor Jack Petchey has taken just under a 20 per cent stake in Mayfair dealers Mallett. He acquired the 2.66m shares, representing a 19.28 per cent stake in the company, at a price of £2.10 a share, from Merrill Lynch, on May 30.
Following the deal the share price rose 4p, with the company’s market capitalisation being valued at…