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Astaire Group
- BY: Andrew Hore |
- POSTED: 14/02/2011 |
- COMMENTS: Add yours
Astaire Group has completed the sale of Dowgate Capital Stockbrokers to 3B Capital.
The Financial Services Authority has given permission for the change in ownership.
Accountant Beavis Morgan is the main shareholder in 3B with the rest owned by Dowgate’s management. 3B is paying £900,000 for the business, with £225,000 of that due no later than the end of June 2012.
At 0.54p a share, Astaire is valued at £1.11m.
Download the February edition of AIM Journal at http://www.hubinvest.com/AIMPDFFebruary2011_17.pdf
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