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Advancedadvt Ltd - London-based acquisition vehicle - Reports narrowed pretax loss for six months ended December 31 at £218,548 from £246,976 a year prior on lower administration costs.
From the end of the period, the company has advanced with its goals by purchasing a 9.8% interest in M&C Saatchi PLC, and remains in talks with the London-based advertising agency for a potential merger. The deadline for AdvancedAdvT to make a firm offer is March 31.
Net cash as at December 31 is £129.2 million, dipping from £129.5 million.
Current stock price: 98.49 pence
12-month change: down 38%
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