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Eight Peaks sees major investments make progress

An increase in the value of Medgold was offset by a dip at Amedeo Resources
Eight Peaks changed its name during the latest half-year

Eight Peaks Group PLC (LON:8PG) made a net gain on investments of £2,000 (2017: £422,000) in the half year to September.

An increase in the value of Medgold was offset by a dip at Amedeo Resources while exchange rate movements reduced the value of IBS Corp.

Losses for the financial period were £273,000 (2017: profit £248,000).

Investments held at fair value were little changed from the year-end at £6.15mln.

Zafar Karim, executive chairman, said that over the period the grup's principal investee companies, Virtualstock Holdings, IBS Corporation, Dunraven Resources and Crowd for Angels all made progress.

Eight Peaks changed its name from Legendary Investments during the half-year period.

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Eight Peaks Group PLC Timeline

CN Research
September 03 2018

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