LONDON (Alliance News) - Teathers Financial PLC Wednesday said it made a small profit after selling some shares in Jubilee Platinum PLC and broke even after selling its entire stake in Northcote Energy PLC.
Teathers said it had sold 500,000 shares in Jubilee for GBP12,750, realising a GBP4,596.50 net profit on the sale and said it broke even after selling its 31.1 million shares in Northcote for GBP70,000.
Teathers is left with 750,000 Jubilee Platinum shares after the sale and no longer holds any stake in Northcote.
Teathers Financial shares were down 1.9% at 3.19 pence Wednesday morning, while Jubilee Platinum was down 4.2% at 2.13 pence. Northcote shares were down 0.8% to 0.198p.
By Steve McGrath; stevemcgrath@alliancenews.com; @stevemcgrath1
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