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LONDON (Alliance News) - Shares rose in Braveheart Investment Group PLC on Thursday as it said that it expects pretax profit for its recently ended financial to be "substantially increased" from the year before.
Shares in the fund management and strategic investment group rose 13% at 17.25 pence on Thursday.
Braveheart said that for the year to the end of March, following a revaluation of all its investments by an equally commissioned valuer, it expects to see a substantial increase in its investment portfolio value, particularly in Paraytec Ltd and Kirkstall Ltd.
In addition, Viking Fund Managers, one of Braveheart's operating companies is expected to show an improvement from the year before.
Braveheart Investment Group expects to publish its full year results on June 19.