New 'firepower' for London investment firm as £850k fundraise boosts opportunities
A London investment company has announced that it has raised £850k as it aims to add ‘firepower’ to its portfolio of investments.
Gledhow Investments announced today that it raised £850k through a placing of new shares at 1.75p per share, which it said is reflective of growing investor interest.
It also said that the funds will be used to provide additional investment ‘firepower’ following its £1.3m pre-tax profits over the past six months - around 20 per cent above its market capitalisation.
The company added that it is experiencing an increase in the quantity, quality and size of investment opportunities.
Gledhow Investments commented: “The company continues to build up positions in AIM, LSE and Aquis Exchange traded companies.
“Gledhow’s strong balance sheet together with the placing proceeds will allow the company to significantly scale up its operations and take advantage of the market investment opportunities that are currently being presented to the company.
“Gledhow sees opportunities to build up strategic positions in an array of companies that are being recapitalised at an early stage and that have strong management teams.”
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