Enterprise Newsletter - Autumn 2008
"Despite the recent meltdown in the value of quality shares, the valuations of the businesses Lacomp has previously chosen have hardly been affected by the general malaise in the market. There is a distinct lack of correlation between the main stock market indices and the performance of unquoted, early stage companies.
"At Lacomp, we have always maintained that our British Enterprise EIS Funds first and foremost represent an exciting investment opportunity. We are aware that some of our competitors design their EIS offerings solely to exploit the tax breaks associated with EIS investments, without even attempting to achieve an uplift in valuations. We, on the other hand, believe in the capability of British entrepreneurs and continually look for investment opportunities that offer significant potential for capital growth. The tax angles, of course, are a bonus.
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