20 August 2021 - interim results

The AIM-quoted investment company has announced its interim results for the six months to 31 May and these make interesting reading.  The company revalued its investment in GWSA Group, the holding company for the Eddie Stobart companies, and this resulted in an adjusted pre-tax profit of £21.5m being recorded against a loss of £16.4m the previous year.  However, these results are largely irrelevant as the company has sold its investment after the end of the period for proceeds of £125m subject to final adjustments.  As £125m has already been received in . . .

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