28th May 2015 10:08
LONDON (Alliance News) - Teathers Financial PLC Thursday said it has invested GBP20,000 in cash in Jubilee Platinum PLC and sold its shares in Advanced Oncotherapy PLC.
The AIM-listed investing company said it bought 0.17% of Jubilee, equivalent to 1.25 million shares at a price of 1.6 pence each.
"We believe that our investment in Jubilee highlights our growing relationships with brokers which we believe is our competitive edge when sourcing investments," Executive Chairman Jason Drummond said in a statement.
Separately, Teathers said it sold its 625,000 shares in Advanced Oncotherapy for GBP56,250 in cash before commissions and charges of GBP563, realising an 11.4% net profit on its original investment.
Teathers shares were up 0.4% at 3.39p on Thursday.
By Samuel Agini; [email protected]; @samuelagini
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