Monogrammed Studio Pottery Cow Ornament

This is a very well made humorous cow figure. The body is dome-shaped, with the ears, horns, hooves, face and tail added on to this basic shape. A white glaze has been applied over the body, leaving the underlying grey ceramic exposed on the face. The glaze has missed or run down from the tips of the ears, leaving the clay body exposed here also. Patches of black glaze give it Friesian markings. The base is unglazed and unmarked but the ‘back’ of the ornament has an applied tail and at the point of origin on the body is a circular ‘button’ which contains the artist’s monogram. I have tried hard to decipher it but have so far drawn a blank. Can anyone enlighten me? A picture of the monogram is available on request. The ornament has a height of approximately 8.0cm from the base to the tip of the horns. The diameter of the base is 5.5cm. It is in excellent condition, with no chips or cracks.