LONDON (Alliance News) - Limitless Earth PLC Friday said it is prioritising cash control as it looks to make its first investment since listing on AIM in May 2014.
The investment company, which aims to invest in sectors including life sciences, clean and broader technology, said it is focused on making the "right" investment in the right sector and time.
Limitless Earth has "looked carefully at more than twenty investment opportunities in the first months of operations and has engaged advisers on one investment in the Life Sciences area where discussions with management are on-going".
In the second half of its last financial year, the company paid "particular attention" to life sciences companies, including "health & wellness and food supply companies, and, business that benefit from changing consumption habits as a result of changing demographics and socio-economic factors".
"On behalf of the shareholders, the directors carefully keep operating costs to a minimum to preserve shareholder value," the company said.
Limitless Earth made a net loss of GBP299,671 in the time from listing on AIM to January 31. The cost of listing was GBP168,000, the company said.
Limitless Earth shares were untraded on Friday. The stock last traded at 5.50 pence.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
Copyright 2015 Alliance News Limited. All Rights Reserved.
Limitless Earth (LME)