IN BRIEF: Oberon Investments optimistic for future as loss narrows

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Oberon Investments Group PLC - London-based investment management, wealth planning and corporate broking - Pretax loss narrows to £1.2 million in the six months ended September 30 from £1.6 million a year before. Revenue grows 41% to £4.8 million from £3.4 million. Operating costs increase 19% to £5.9 million from £5.0 million. Looking ahead, the company expects the launch of Oberon AIM VCT in either the second or third quarter of 2025. Further, it notes a ‘growing understanding amongst customers and market participants of the Oberon approach to providing personalised advice and services.’ Chief Executive Officer Simon McGivern says: ‘Looking ahead, we are confident about our prospects for the remainder of the year and beyond. The first two months of trading since the half-year have been positive, and we are on track to surpass our target to deliver 30% like-for-like growth in this financial year.’

Current stock price: quoted at 4.10 pence per share on the Aquis Exchange in London on Wednesday, last traded at 3.91p on Monday

12-month change: up from 3.50p

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