News blog

Low Carbon Accelerator Ltd

• BY: Andrew Hore |
• POSTED: 22/10/2012 |

Cleantech investment company Low Carbon Accelerator Ltd says that the process of disposing of its assets is taking longer than expected.

The company is in talks with potential buyers and the aggregate value of the assets is in line with the market value of the company before trading commenced. At 5.88p, down 1.25p, Low Carbon Accelerator is now valued at £5.06m.

The May 2012 NAV was 22.9p a share so this represents a sharp decline in the value of the investments.

There is no certainty that the company can raise as much as hoped from the disposals. The most recent cash inflow was £230,000, which was deferred consideration on the sale of the stake in Quantasol.

Cogent Partners is advising on the sale of the investments.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFOctober2012_37.pdf