Braveheart Investment Group PLC - Barnsley, South Yorkshire-based investor in small- and medium-sized businesses - In the six months to September 30, records total income of £36,201, compared to £3.4 million a year before. This fall is mostly due to a loss in fair value of investments of £105,781 in the current year, compared to a gain of £3.2 million a year before, which had been mostly due to an increase in the value of investee PhaseFocus. Swings to pretax loss of £734,110 from profit of £2.8 million.

‘The board continues to work to enhance shareholder value within our strategic investments, and also to invest in other businesses where we consider there is good potential for medium-term growth,’ says Chief Executive Officer Trevor Brown.

Current stock price: 7.88 pence, down 0.3% on Friday in London

12-month change: down 73%

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