All Active Asset Capital Ltd - London-based firm seeking investment opportunities in technology, software and artificial intelligence - Posts 2020 pretax loss of GBP2.0 million, widened from GBP703,689 in 2019. Almost GBP960,000 of the loss is a write-down in the value of the company's investments, while spiralling administrative costs of GBP1.0 million also contribute.
Net assets up sharply in the year to GBP14.0m on December 31, from GBP487,000 in January. Cash reserves hit GBP9.4 million at year-end from a nil position twelve months before.
On July 2, All Active announced a conditional placing of GBP150 million of new equity, the acquisition of Sentiance NV, and proposed the cancellation of its shares trading on AIM. It now plans to seek a re-listing of its shares on an "alternative international stock exchange", it says.
Current stock price: 53.00 pence
Year-to-date change: up sharply from 16.50p
By Will Paige; willpaige@alliancenews.com
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