(Alliance News) - Baskerville Capital PLC on Thursday said it is negotiating investment in a technology company after reporting a narrowed loss in its most recently ended financial year.
The investment firm, focused on technology, said its loss narrowed in the year to the end of June to GBP100,252 compared to GBP168,934 a year earlier due to a decline in administrative expenses. The costs come primarily from being listed on the London Stock Exchange.
"There has been limited communication with shareholders as we continue to consider various technology investments but have still yet to find a deal of sufficient quality," said Chair James Kehoe.
Baskerville said it is currently as close to agreeing a deal, but it has yet to agree final terms.
"We continue to work hard on this potential investment with a very exciting technology company and I hope to be able to update shareholders in the coming months about our first investment," added Kehoe.
The stock was untraded on Thursday in London, last closing at 3.70 pence a share.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
Copyright 2019 Alliance News Limited. All Rights Reserved.