The most exciting stock in a hugely exciting market

With Sub-Saharan Africa tipped for impressive growth this year, this cheap agricultural stock is a must-buy. But act fast, says Bengt Saelensminde - the City already has its eye on it.

A few weeks ago, I said that I was onto a stock that I thought looked incredibly exciting. The business had recently raised money by selling shares to the City. And those new shares were issued at a higher price than the stock was trading at in the market a good omen. If the City's willing to pay more for a stock than the market rate, then it's always a very good sign. That's how we recently made money on my biotech tip Vernalis.

But wouldn't you know it, as I've been working through my diligence on this story, the stock has taken off

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Bengt graduated from Reading University in 1994 and followed up with a master's degree in business economics.

 

He started stock market investing at the age of 13, and this eventually led to a job in the City of London in 1995. He started on a bond desk at Cantor Fitzgerald and ended up running a desk at stockbroker's Cazenove.

 

Bengt left the City in 2000 to start up his own import and beauty products business which he still runs today.