Gledhow Investments plc: First Half Results to 31 March 2024

Gledhow Investments plc announced its unaudited interim results for the six months ending 31 March 2024. The company reported a pre-tax loss of GBP 115,510, including net unrealised losses on investments of GBP 163,885. These results reflect Gledhow’s continued pursuit of a strategy aimed at long-term capital growth.

The company’s cash reserves stood at GBP 217,231 at the end of the period. Despite the challenging economic environment, Gledhow remains in a strong position and intends to leverage its cash position to make opportunistic investments in undervalued small to medium-sized companies.

Turnover from the sale of investments was GBP 282,127, down from GBP 597,990 in the same period last year. This decline contributed to a gross loss of GBP 87,906, compared to GBP 69,060 for the previous year. Administrative expenses increased slightly to GBP 27,604 from GBP 24,813. The loss per share was 0.13p, up from 0.11p a year ago.

Total current assets were GBP 1,299,492, compared to GBP 1,606,726 in 2023, while net current assets minus current liabilities stood at GBP 1,296,903, down from GBP 1,604,280 last year.