24 March 2021 - disposal

The AIM-listed group has disposed of its Gibraltar based trust and tax business in order that it can focus on the core activities of pension administration and life assurance.  The consideration for the sale is £2.45m plus the value of net assets on completion of around £0.57m.  This is a sensible move for the company as it can now refocus its activities on its core business.  We re-iterate our recommendation of buy with a target price for the shares of 40p.  BUY

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