18th Dec 2024 13:21
Oberon Investments Group PLC - London-based investment management, wealth planning and corporate broking - Pretax loss narrows to GBP1.2 million in the six months ended September 30 from GBP1.6 million a year before. Revenue grows 41% to GBP4.8 million from GBP3.4 million. Operating costs increase 19% to GBP5.9 million from GBP5.0 million. Looking ahead, the company expects the launch of Oberon AIM VCT in either the second or third quarter of 2025. Further, it notes a "growing understanding amongst customers and market participants of the Oberon approach to providing personalised advice and services." Chief Executive Officer Simon McGivern says: "Looking ahead, we are confident about our prospects for the remainder of the year and beyond. The first two months of trading since the half-year have been positive, and we are on track to surpass our target to deliver 30% like-for-like growth in this financial year."
Current stock price: quoted at 4.10 pence per share on the Aquis Exchange in London on Wednesday, last traded at 3.91p on Monday
12-month change: up from 3.50p
By Tom Budszus, Alliance News slot editor
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