Meeting Christie Group's CEO: Lee and the IC

Christie Group has a lot going for it. Growing in several countries and an employer to around 650 people, the brokerage business is a well-respected name in multiple niche sectors. Last year sales exceeded £70mn, and management reckons operating profits of £10mn are possible. The kicker, following the disposal of several subsidiaries, is that its balance sheet is full of cash.

Lord Lee of Trafford (investorschronicle.co.uk/lee-and-the-ic/?utm_m…) clearly agrees. In more than 80 transactions since 2002, he has amassed a 6 per cent holding across both his personal investment account and the charitable trusts he oversees.

So why is the business valued at just £35mn? We put this question and many more to chief executive Dan Prickett, who has been at the company for 17 years - including the last two and a half in the top role.

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Timestamps
00:00 Intro
00:30 Recap of last episode
01:44 Introducing Dan Prickett
02:21 What is Christie's
05:10 John's history with the business
09:37 Institutional shareholders
12:10 Dan's stake in the business
15:08 Trading statement
23:40 Why is the stock price low?
30:18 Expansion in Europe
35:49 Setting targets
37:08 John's portfolio round up
39:25 PZ Cussons

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