2nd Oct 2020 14:24
Stranger Holdings PLC - London-based investment company intending to acquire a target company, business or asset in the industrial or service sector - Reports annual pretax loss for financial year ended March 31 of GBP505,000, narrowed from GBP816,000 loss the year before. This is due to lower administrative expenses of GBP432,000 from GBP555,000 and a reduction in finance costs to GBP129,000 from GBP267,000. Making progress with proposed acquisitions of two companies, including Recyclus Group, a company involved in the clean recycling of tyres and batteries in the UK. Sale and purchase agreements drafted for Recyclus, work on prospectus and fund raising for proposed reverse takeover is advanced. Will apply in due course or enlarges company to have its shares admitted to the London Stock Exchange's Main Market.
Current stock price: suspended; last traded at 1.38 pence
By Anna Farley; [email protected]
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