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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 widens loss as it narrows investment focus

Thu, 23rd Jun 2016 12:52

(ShareCast News) - Braveheart Investment Group announced its final results for the year to 31 March on Thursday, posting a loss before tax of £1.69m, widening from £0.77m a year earlier.The AIM-traded firm said it had cash at bank of £1.3m at year-end, up from £0.5m, and reduced its operating costs by £0.57m throughout the year.During the year, the firm successfully disposed of its interest in WhiteRock Capital Partners and purchased the remaining interest in Ridings Holdings.It said Viking was awarded a contract extension to invest a further £5.1m to top up the £40m Finance Yorkshire Equity Fund, and a further £3.8m was made available in January.Braveheart also completed the reorganisation and restructuring efforts, with the remaining exceptional charges now accounted for, and the board said it was now focused on its future with "an emphasis on ensuring positive earnings are achieved in the current year".CEO Trevor Brown said the year consisted of identifying which activities the group could best concentrate its resources upon to the most productive effect for the shareholders, leading to the £0.57m cost savings."The target that the board has set itself for the current year is to ensure that the operating costs of the group will be less than operating income, allowing us to budget for a surplus for the full year," he said."A key part of the operational review we have undertaken has been to take the difficult decision to scale back, sell or close those parts of the group that the review has identified as unlikely to become profitable in the near future and/or having a requirement for significant capital expenditure."
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Braveheart Investment opts for "masterful inactivity" as profit rises

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31 May 2023 19:40

IN BRIEF: Braveheart's Phasefocus investment aims push into the US

Braveheart Investment Group PLC - Barnsley, England-based investor in small- and medium-sized businesses - Provides update on Phasefocus Holdings Ltd, in which Braveheart has a 44% holding. Notes Phasefocus recently appointed Nexus Scientific, a specialist in cell analysis instrument sales, to represent Livecyte products in North America. Livecyte is an imaging and analysis system which uses a novel method for high fidelity quantitative imaging and microscopy. Explains Nexus will be running a series of customer workshops, conference attendances and seminars, to raise the profile and sales of Livecyte in the US. Further, notes two new Livecyte applications have been developed and are scheduled for launch before the end of 2023.

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3 May 2023 12:09

Braveheart upbeat on developments at portfolio firms

(Sharecast News) - Braveheart Investment Group updated the market on two companies within its investment portfolio on Wednesday, being Paraytec and Kirkstall.

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10 Jan 2023 11:58

Braveheart Investment shares fall as investee's sales dampened

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10 Jan 2023 11:17

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28 Oct 2022 14:24

Losses narrow as Braveheart focuses on strategic investments

(Sharecast News) - Braveheart Investment Group reported a total income of £36k in its first half on Friday, down from £3.36m year-on-year, although its losses did narrow.

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28 Oct 2022 11:23

IN BRIEF: Braveheart swings to interim loss on fair value markdown

Braveheart Investment Group PLC - Barnsley, South Yorkshire-based investor in small- and medium-sized businesses - In the six months to September 30, records total income of GBP36,201, compared to GBP3.4 million a year before. This fall is mostly due to a loss in fair value of investments of GBP105,781 in the current year, compared to a gain of GBP3.2 million a year before, which had been mostly due to an increase in the value of investee PhaseFocus. Swings to pretax loss of GBP734,110 from profit of GBP2.8 million.

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IN BRIEF: Braveheart Investment raises Aukett Swanke stake to 11%

Braveheart Investment Group PLC - Barnsley, South Yorkshire-based investor in small- and medium-sized businesses - Purchases 4.2 million shares in London-based architectural and interior design services provider Aukett Swanke Group PLC for 1.89 pence per share, totalling GBP79,585.

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3 Aug 2022 18:25

IN BRIEF: Braveheart Investment picks up 7.9% stake in Aukett Swanke

Braveheart Investment Group PLC - Barnsley, South Yorkshire-based investor in small- and medium-sized businesses - Acquires 7.9% interest in London-based architectural and interior design services provider Aukett Swanke Group PLC, equal to 13.0 million shares from Braveheart Director Trevor Brown for GBP219,082.

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