Our new website is coming soon, give it a try now and let us have your feedback. Take me to the Beta

Email Facebook Twitter

TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake Watch Now

TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake
Exclusive: Hardman & Co Investor Forum - Severn Trent, Calculus Capital, Volta Finance, Residential
Latest Share Chat

Alliance News

Safe Harbour Narrows Annual Loss, Continues Search For Acquisition

Wed, 12th Jun 2019 18:51

(Alliance News) - Safe Harbour Holdings PLC said Wednesday it remains active in pursuing acquisition targets after listing on London's AIM in March 2018.

Safe Harbour listed in March 2018 with the intention of acquiring assets in B2B distribution or business services.

In 2018, the company reported a pretax loss of GBP2.3 million compared to GBP2.5 million in 2017. At June 11, the company had GBP25.9 million in cash.

Safe Harbour listed on AIM in March 2018, raising GBP22.7 million.

Since admission, the company said it has "actively pursued" its strategy exploring several potential platform acquisition opportunities.

"We continue to focus on identifying a platform acquisition that meets our target criteria. The combination of a broad universe of potential assets in attractive sectors and a highly disciplined investment approach gives me confidence in our ability to build a world-class, market-leading business that delivers long-term compounding returns for our shareholders," said Chief Executive Rodrigo Mascarenhas.

The company is looking for a "platform asset" with an enterprise value of between GBP250 million and GBP1.5 billion that operates in the UK, Europe or North America.

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

Alliance News

Back to Alliance News

Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk

Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.