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Pin to quick picksBraveheart Investments Share News (BRH)

Share Price Information for Braveheart Investments (BRH)

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Share Price: 2.35
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Change: 0.00 (0.00%)
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Braveheart underpins Kirkstall funding round

Fri, 08th Jul 2016 15:25

(ShareCast News) - Braveheart Investment Group announced a fresh investment in Kirkstall on Friday - an existing portfolio company - in connection with a follow-on funding round in the investee.The AIM-traded firm said it invested £0.14m in cash to cornerstone an investment round of £0.25m from other existing shareholders.Following completion, Kirkstall will be debt-free and Braveheart will own 28% of its issued share capital and appoint a director to the Kirkstall board.Kirkstall has developed a system of interconnected chambers for cell and tissue culture in laboratories, it reported, with the patented technology being used by researchers and drug development companies to maintain living cells in a nutrient flow.The technology, referred to as "organ on a plate", provides a way to model the behaviour of multiple human organs interconnected by a flow system that mimics the flow of blood in the body.Kirkstall said it believes the technology could drive down the development cost of drugs, nutraceuticals, cosmetics and personal care products by enabling testing to take place on a living tissue, reducing the need to animal testing and improving the chances of success in human clinical trials."This round of investment comes at an important time for Kirkstall, enabling it to expand and develop marketing and technical support to customers across Europe and the US," said Braveheart chief executive Trevor Brown."It represents a further important step in the implementation of Braveheart's new investment strategy."Kirkstall CEO Dr Malcolm Wilkinson said that over the last few years the company has build a loyal and enthusiastic user base, mainly in the UK academic community, and in the last year commercial interest in the system has grown, particularly in the pharmaceutical industry."Our recent product launch into the US market has been successful, and our focus is now on supporting the large commercial organisations who want to use our products on a daily basis."The support being shown by Braveheart and our other shareholders comes at a crucial time in Kirkstall's development," Wilkinson added.Kirkstall had over £0.15m of revenue for the year to 31 January, operating close to breakeven with a loss of just under £8,000.It expects to achieve profitability in the next financial year.
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16 May 2025 16:44

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IN BRIEF: Braveheart Investment Group CEO Brown raises stake to 25.5%

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15 Oct 2024 11:42

Braveheart swings to interim profit due to fair value of investments

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IN BRIEF: Braveheart buys 30% stake in IQ-AI from Braveheart CEO Brown

IQ-AI Ltd - parent of Wisconsin-based Imaging Biometrics LLC, which provides quantitative imaging platforms and therapeutics for the diagnosis and treatment of patients - AIM-listed technology investor Braveheart Investment Group PLC buys a nearly 30% stake in IQ-AI from Braveheart Chief Executive Officer Trevor Brown. Braveheart buys 45.8 million IQ-AI shares from Brown at 1.1 pence per share, worth GBP503,372, and another 19.7 million shares owned by Brown's children at the same price, worth GBP216,203. The two purchases give Braveheart a 29.5% stake in IQ-AI. Braveheart on Friday says the related-party transaction is approved by its independent shareholders because the IQ-AI business fits Braveheart's investment strategy and the purchase is at "an attractive entry price".

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11 Oct 2024 11:03

Braveheart acquires 29.5pc stake in IQ-AI

(Sharecast News) - Braveheart Investment Group announced on Friday that it had acquired a 29.51% stake in IQ-AI, an imaging software and healthcare diagnostics company, for £0.72m.

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Braveheart increases investment in Image Scan

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Braveheart buys 1.93 million more Autins shares

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21 Jun 2024 15:55

IN BRIEF: Braveheart swings into the red on impairment charges

Braveheart Investment Group PLC - Dodworth, England-based investment company - In the financial year to March 31 swings to pretax loss of GBP8.2 million from profit of GBP2.4 million a year prior. This includes an impairment charge of GBP4.9 million on investments compared with nil in the prior year. Also takes impairment charge of loans in investment companies of GBP1.6 million compared with nil before. Loss per share is 11.38 pence compared with earnings per share of 2.68p. During the year Braveheart wrote down the investments in Paraytec Ltd and Kirkstall Ltd. Believes that, with time, Paraytec and Kirkstall could have the potential to increase in value and thereby provide exit opportunities.

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21 Jun 2024 12:54

Braveheart swings to loss in 'challenging' year

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