Aim adviser Evolution Group’s current trading is better than expected and it has £117m in cash.
At 100p a share, Evolution is valued at £225m.
Evolution is on track for profits of £2.8m in 2008, down from £3.76m in 2007. The full year results will be published on 8 April.
January was a strong month and costs are being cut back just in case this strong trading does not continue.
Evolution has successfully integrated the Singer & Friedlander investment management business with Williams de Broe. This added £1.1bn to funds under management.
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