Sir Tom Hunter’s West Coast Capital has almost halved its stake in Sigma Capital.
Long-term shareholder West Coast Capital increased the stake in 2011 when Sigma acquired Inpartnership by issuing shares at 16p each. The stake has been cut to 5.02m shares, or 11%.
The Sigma share price has risen by 0.38p to 22.13p, valuing Sigma at £10.1m. NAV was £2.21m at the end of June 2013.
Sigma reduced its interim loss from £647,000 to £413,000. Since then, Sigma has raised £228,000 net from the sale of part of its stake in Frontier IP and will make a profit of £70,000.The sale of a legacy investment raised £200,000 and generated a profit of £170,000.
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