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Gledhow Investments PLC - London-headquartered investment firm focused on small to medium undervalued or fast-growing companies - Reports £93,873 pretax loss for half year ended March 31, narrowing from £292,825 a year prior. Proceeds from sale of investments up 17% to £597,990 from £512,207. Cost of sales down 14% to £667,050 from £775,517. Administrative expenses down 16% to £24,813 from £29.515. Cash at March 31 up 57% to £339,447 from GBBP215,980 at the same time last year.
Gledhow says: ‘Despite the uncertain economic environment, the company is in a strong position, thanks to its strong cash position, and we look forward to being able to make opportunistic investments in small to medium-sized undervalued companies as they arise.’
Current stock price: 1.02 pence
12-month change: down 29%
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