14th Oct 2020 13:52
Hawkwing PLC - cash shell - Posts pretax loss for the first half ended June 30 of USD145,000, narrowing from USD632,000 a year prior. Said focus has been on ensuring it maintained good cash control whilst raising GBP1.3 million and moving to the Standard List of the London Stock Exchange from AIM. Going forward, strategy is to pursue an acquisition. "We intend to target a business with the prospects of being profitable and cash generative," Senior Independent Non-Executive Director Kweith Sadler says. "Having moved to the Standard List and strengthened the company's balance sheet, we can focus on identifying such a business and look forward to updating the market as appropriate."
Current stock price: 4.20 pence
Year-to-date change: down 68% from Dec 30 to date
By Greg Roxburgh; [email protected]
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