Braveheart Investment Group PLC - Barnsley-based investor in small- and medium-sized businesses - On Thursday says PhaseFocus Holdings continues to make "positive progress", achieving its highest ever sales in the first half of 2021. "The directors believe the company has a strong future and Braveheart is working to seek an exit in the next 12 months, which, if achieved, could be at a valuation considerably in excess of the carrying value in Braveheart's accounts," it says.
Meanwhile, says it has commenced plans to accelerate the development of Paraytec's Covid-19 testing device by taking direct control of the final design and engineering packages. Paraytec's corporate finance partner is in talks with some potential partners for licensing, some potentially interested in co-developing the technology and some possible acquirers of the firm.
Current stock price: 33.75 pence, up 2.3% on Friday
Year-to-date change: up 21%
By Lucy Heming;Â lucyheming@alliancenews.com
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Braveheart Inv (BRH)