News blog

Ultimate Sports Group

  • BY: Andrew Hore |
  • POSTED: 22/07/2019 |

Ultimate Sports Group has raised £290,000 at 14.5p a share. 

The latest subscription was at a very small discount to the market price, although it did trade as high as 20p in the past year. In February 2018, £537,500 was raised at 5p a share. There was £414,000 in the bank at the end of 2018.

The sport in schools business continues to be profitable but the group loses money because of the overheads of being a quoted company. The previous fundraising brought Richard Bernstein as a strategic shareholder and he intends to introduce acquisition opportunities.

The latest cash raise could be a precursor to a potential deal.

© 2019 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

News Blog
All micro news

CEPS

CEPS is selling its investment in the CEM group. 

Continue reading... | 05/12/2019

Quoted Micro 2 December 2019

Continue reading... | 02/12/2019

Real Good Food

Food ingredients supplier Real Good Food is showing some signs of improvement but there is a long way to go. 

Continue reading... | 02/12/2019

Filtronic

Better news from telecoms hardware supplier Filtronic, which is trading in line with expectations. 

Continue reading... | 02/12/2019

All micro news

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds