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Fiske

  • BY: Andrew Hore |
  • POSTED: 13/02/2015 |

Broker Fiske slipped into loss at the interim stage because of market inactivity.

Fiske was also hit by the departure of the team handling its institutional business and reducing commission rates. Investment in IT systems is continuing in order to make the private client stockbroking more efficient.

In the six months to November 2014, revenues slumped from £2.06m to £1.56m, while a profit of £239,000 was turned into a loss of £162,000.

There was £3.49m in the bank at the end of November 2014. The interim dividend is unchanged at 0.25p a share.

At 57.5p a share, Fiske is valued at £4.85m.

AIM Journal February 2015 available.

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