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The Independent Online
r Shares of Waverley Mining, which switched from an investment vehicle to a mining company last year, remain short of friends at 91p. They have fallen from a 132p peak in the past year. Williams de Broe, the stockbroker, estimate assets - ranging from coal mines in Scotland to gold mines in Australia - are 145p a share and the group is undervalued.

r Chartfield Fund Management made its debut on the fringe Ofex share market, slipping 5p to 85p. Formerly traded on the old 4.2 market Chartfield, run by Mark Flawn Thomas, takes in four unit trusts including the Waverley Penny Share Fund which has led the smaller company trust section for three years. The trust was at one time run by Waverley Mining.