Milton Capital PLC - cash shell looking for targets in field of technology - Operating loss in the six months ended July 31 narrows to GBP31,319 from GBP96,485 a year earlier. Pretax loss narrows to GBP33,841 from GBP98,985. Looking ahead, it said the search for a suitable acquisition target continues.
"The past half-year has presented challenges in the capital markets due to the upward trend in interest rates, leading to a general slowdown in markets. The heightened uncertainties have made investors exercise caution, impacting our ability to identify a suitable RTO (reverse takeover) candidate. Nevertheless, we are confident in the company's long-term prospects, and we are actively exploring all avenues to create shareholder value," Chair Malcolm Burne says.
Current stock price: 0.75 pence
12 month change: down 25%
By Sophie Rose, Alliance News reporter
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Milton Capital (MII)