1st Jun 2022 14:45
Hawkwing PLC - London-based cash shell - In 2021 pretax loss narrows to GBP90,000 from GBP340,000 in 2020. Records no revenue for 2021 and 2020. Cash balance doubles to GBP2.3 million at the end of 2021 from GBP1.1 million a year prior. Firm does not propose a dividend, unchanged from a year ago. "Our strategy is to identify opportunities for acquisition, targeting sectors such as digital marketing, medical applications, business and financial services and the sports sector," says Keith Sadler, senior independent non-executive director. "We are committed to maintaining careful cost controls to preserve cash as we continue to search for and review various prospects," he adds.
Current stock price: 6.25 pence
12-month change: down 99%
By Tom Budszus; [email protected]
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