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Time to cash out of Allied Minds
Allied Minds (ALM) 372.1p
Gain to date: 13.4%
Original entry point: Buy at 328p, 8 September 2016
Take profit in Allied Minds (ALM) after the sudden departure of its chief executive and co-founder Chris Silva. The company failed to explain why Silva has gone; merely saying it was by mutual agreement.
Allied Minds helps people with bright ideas to commercialise technology; we are worried about how Silva’s departure will affect relationships with these important people. Sell at 372.1p. (DC)