31st Mar 2022 11:16
Marwyn Acquisition Company PLC - a blank-check company - Posts narrowed half-year loss. For the six months ending December 31, pretax loss decreases to GBP183,000 from GBP515,000 a year ago. Assets fall to GBP5.0 million from GBP5.3 million. Company says forecast of any future dividend is inappropriate as it has not yet acquired a trading operation.
Marwyn sees itself well-positioned to capitalise on opportunities in the current market environment, "particularly where the company's structure and listed status is likely to prove attractive in securing a leading executive management team to pursue buy and build strategies, a number of which have been identified and continue to be progressed," it adds.
Current stock price: 1.50 pence, down 14% on Thursday
12-month change: down 45%