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Braveheart reports 'substantial increase' across investment portfolio
(WebFG News) - AIM-quoted fund manager Braveheart Investment Group expects to reveal a "substantial increase" in the value of its investment portfolio after its most recent trading year saw its board take up a more hands-on approach at an operational level.
Braveheart also anticipates a "substantially increased" profit after tax for the year ended 31 March versus the prior year.
During the course of the year, Braveheart's board continued to be closely involved at an operational level with its three strategic investments, all of which reported "further good progress", while all of its fund management businesses hit their individual revenue targets.
As a result, Braveheart's directors expect that, subject to an auditors review, it will be able to report a substantial increase in the value of its investment portfolio, primarily in its investments in Paraytec and Kirkstall.
Elsewhere, trading at Viking Fund Managers was predicted to show a slight improvement on its previous financial year.
As of 0830 BST, shares had shot up 16.39% to 17.75p.