Last checked at 26 Apr 2018 07:00
Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this announcement, this information is now considered to be in the public domain.
26 April 2018
Braveheart Investment Group plc
("Braveheart" or "the Company")
Trading Update
Braveheart Investment Group plc (AIM: BRH), the fund management and strategic investor group, is pleased to give the following update on trading ahead of its final results for the year ended 31 March 2018, which will be released on 19 June 2018.
During the course of the year the Board continued to be closely involved at the operational level with our three strategic investments which have made further good progress, and in fund management our businesses have met their revenue targets.
As a result and reflecting the good progress achieved during the financial year, the Company is pleased to report that following a revaluation of all the Company's investments by an externally commissioned valuer, the Directors expect that, subject to the review of the auditors, the Company will be able to report a substantial increase in the value of its investment portfolio, primarily in its investments in Paraytec Limited and Kirkstall Limited. In addition, trading at Viking Fund Managers for the year ended 31 March 2018 is expected to show a slight improvement on the last financial year.
As a result, the Directors expect to report, subject to audit, a substantially increased profit after tax for the year ended 31 March 2018 compared to the prior year.
Further information:
Braveheart Investment Group plc
Trevor Brown, Chief Executive Tel: +44 1738 587555
Allenby Capital Limited (Nominated Adviser and Broker to Braveheart)
David Worlidge / Nicholas Chambers Tel: +44 20 3328 5656