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Braveheart Investment Group

  • BY: Andrew Hore |
  • POSTED: 11/08/2014 |

Braveheart Investment Group director Trevor Brown has subscribed for £130,000 worth of shares at 11.02p each.

This will provide additional working capital.

Funds under management of £121m generate recurring fund management fees equivalent to 85% of underlying revenues of around £2m. Braveheart broke even in the year to March 2014, excluding losses relating to the disposal of Envestors.

At 12.5p a share, Braveheart is valued at £3.3m. The investment portfolio is valued at £3.7m. This portfolio is likely to be sold off over time and there could be a disposal this year.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFAugust2014_59.pdf

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