THE departure of founder Jason Druian from financial services counter Conduit Capital has left shareholders a lot poorer in terms of being able to peruse a wealth of intricate commentary on operational matters.Fortunately, Conduit, now controlled by US-based investment firm Midbrook Lane, still looks determined to reward patient shareholders richly. The recent interim results to end December were the first numbers to be reported under the new regime.The interims suggest the niche insurance operation is still generating decent net premium income, which strongly underwrites the company’s ambitions to build a compelling value-orientated investment portfolio.There are plans to broaden the insurance operations, with Conduit having entered into various new business opportunities — some of which should be launched in the second half of the financial year.After raising R150m in fresh capital via a rights issue in December there may be some significant moves in building the much mooted inves...
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