Andy Brough’s immediate post Brexit observation (that the stock market likes to shoot first and ask questions later) and advice (don’t panic) both appear prescient. UK mid-caps have staged a sharp recovery (+13% since 27 June) following the aftermath of the Leave vote, as investors were cheered by the prospect of a rate cut, fiscal easing and reduced uncertainty in the form of new political leadership. While SCP’s NAV has recovered in-line with the market (+12%), the share p
