BRH11 May 2017 13:25
Been doing my homework over the last few days on Braveheart..
Statement taken from RNS dated 20th April 2017
"The Group has continued to perform in line with the January 2017 trading update and, as a consequence, the Directors expect that profit before and after taxation for the year ended 31 March 2017 will be in the region of £750,000."
"As opportunities have arisen, the Group has continued to invest in its strategic investment portfolio and has resulted in an increase its percentage holding in Kirkstall from 28 per cent. to 37 per cent. and following the purchase of existing shares and the provision of a convertible loan to Paraytec, the Group's interest would increase, on conversion, from 33 per cent. to 47 per cent."
"The Directors intend to report more fully on operational developments in the Company's investments and Viking Fund Managers in the Group's annual report and accounts for the financial year ended 31 March 2017, which they expect to release before the end of June 2017."
END
Braveheart having a market Cap as small as £4M and generating profits expecting to be in the region of £750k to the financial year end of 31st March 2017, that alone shows another solid company under the lead of Trevor Brown; With also increasing its holdings in Kirkstall shows the company is growing at great strengths.
With such a small amount of shares in issue and with many of these tightly held by the board and PI this could seriously move in the not too distant future.
It's probably worth taking a slice of this before the full annual report is published by the end of June.
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