Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Braveheart Investment Group PLC - Dodworth, England-based investment company - Between Monday and Tuesday, buys a further 4.0 million shares in Autins Group PLC at an average price of 8 pence per share, for a total of £320,000. Following this, now holds 23% of the issued share capital of Autins.
Autins is a company which specialises in solving acoustic and thermal problems in the automotive industry and other specialist applications. In the year ended September 30, it made a pretax loss of £1.0 million, and revenue of £22.7 million.
Braveheart adds: ‘The board continues to seek investment opportunities, both within its existing portfolio and from outside. The Braveheart board considers this investment to be a strategic investment and thus an important addition to the group’s portfolio.’
Current stock price: 7.92 pence, down 1.0% in London on Wednesday afternoon
12-month change: down 6.8%
Copyright 2024 Alliance News Ltd. All Rights Reserved.