RE: Great Value16 Nov 2022 17:11
In a statement to the London Stock Exchange today, Ince said the ‘macro-economic headwinds’ experienced by capital markets in London have delayed a substantial part of Arden’s transaction pipeline.
The statement added: ‘In addition, the continuing pressure on revenues and operating margins within the small cap broking sector has increased the requirement for investment and scale in Arden’s business, at a time when Ince is least able to make such a commitment.’
Arden’s most recent audited annual results, for the year to 31 October 2021, show revenues of £9.28m and a profit before tax of £850,000, with net assets of £5.76m.
Thus we have sold £6 million for £1 million weird working Indeed