News blog

Pressfit Holdings

• BY: Andrew Hore |
• POSTED: 03/08/2014 |

Stainless and carbon steel pipe connectors manufacturer Pressfit Holdings has joined AIM and fellow AIM company Craven House Capital has a 22.6% stake worth £1.15m.

The Pressfit share price rose from the subscription price of 9.5p to 10p by the end of the first day of dealings. That values the company at £5.1m.

Pressfit generated revenues of £142,000 in 2013 but AMCO has undertaken to place orders worth £1.8m in 2014. GXM, which is part of the AMCO Group, owns 28% of Pressfit. So far this year AMCO has placed orders worth nearly £400,000.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJuly2014_58.pdf