Moving Wellcom to a hold

Our valuation increases, but in light of a substantial increase in share price we're happy to hold it for now.

Wellcom is a provider of content creation, production and content management services, and delivered a strong half year result to the market. The company's profit result and dividend were in line with our expectations and the business appears to be taking advantage of recent geographic expansions by bringing in strong growth in the UK and US business.

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