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Braveheart Investment Group PLC - Barnsley, South Yorkshire-based investor in small- and medium-sized businesses - Posts lower pretax profit in the financial year that ended March 31. Pretax profit shrinks to £1.5 million from £14.2 million a year ago, citing macroeconomic challenges. Total income falls to £2.9 million from £16.6 million. Earnings per share tumble to 3.10 pence from 36.30 pence.
More promisingly, investments at fair value surge to £4.7 million from £613,847 a year ago. Change in fair value of investments is positive £2.7 million, compared to negative £329,083 a year before. ‘We have entered our new financial year acutely aware of the geopolitical and macroeconomic challenges the world is facing. However, we are hopeful that this turbulence will also present interesting new investment opportunities and we will be positioned to respond as events unfold,’ Braveheart says.
Current stock price: 12.00 pence, up 4.4% on Thursday
12-month change: down 73%
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