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Braveheart Investment Group

Braveheart continues to expand portfolio

Snapshot

  • Braveheart signals intention to start paying dividends
  • Braveheart in early-stage talks to sell fund management business
  • Growing prospects seen at investee companies Paraytec, Kirkstall and Gyrometric
Braveheart

Quick facts: Braveheart Investment Group

Price: £0.12

Market: AIM
Market Cap: £3.11 m
Follow

 

  • Investee companies Paraytec, Kirkstall and Gyrometric all seen as having significant growth potential
  • Company looking to take larger stakes in portfolio companies 
  • Investment company focused on early-stage businesses

 

What it does 

Braveheart Investment Group PLC (LON:BRH) is an AIM-listed firm that provides funding and advisory services to small and medium-sized enterprises (SME).

Formed in 1997 as an investment syndicate, it now specialises in four areas – equity financing, debt financing, advisory services and fund management.

Braveheart invests in businesses through its many funds including the Finance Yorkshire Equity Fund, Strathclyde Innovation Fund and Lachesis Seed Fund.

The group, which floated on the London Stock Exchange in 2007, also invests on behalf of high net worth individuals, family offices, institutional investors and public sector organisations across the UK and Europe.

The company has about £71mln of funds under management with its portfolio spanning a number of sectors including healthcare equipment and services, travel and leisure, technology hardware and equipment, software and computer services, electronic and electrical equipment, and pharmaceuticals and biotechnology. 

 

What it owns

Braveheart now holds six strategic investments in its portfolio alongside other historical investments.

These included biotechnology firm Kirkstall, UV light detection group Paraytec, propeller and rotating shaft monitoring group Gyrometric Systems, microscope imaging firm PhaseFocus and Sentinel Medical, a spin-out of Paraytec developing technology to detect cancer cells in urine.

On 8 July, the company said that it had also acquired a 33% stake in Pharm2Farm Limited (P2F), a plant nutrients firm, a stake it wants to increase to 54%.

In September, P2F announced a good result from a trial with Korean firm with a significant improvement in taste and the rate of growth of basil using its technology

 

What the boss says: Trevor Brown

"For the next year, our attention and resources will continue to be focussed upon the further development of the now six Strategic Investment businesses where we have significant commercial exposure. In each of these businesses there exists the prospect of a single transformational event, for example securing a large sales contract with a major OEM, the development of a new product or application and an outright sale to an acquirer."

 

Video

 

Inflexion points

 In the first half of the current financial year, Braveheart made a profit before tax of £113,000 on revenue of £509,000. Net assets were worth 8.42p per share or £2.28mln.

Braveheart has announced its intention to take full 100% control of Paraytec through the issue of shares worth about £112,000.

 

Blue Sky

At the first-half results, Braveheart said, “the investment portfolio, combined with substantial cash, continues to provide a solid underpinning to our balance sheet, and developments in our fund management business offer a new source of fund management revenue in the next financial year”.

With the shares trading around 1l.25p in September, Braveheart is valued at £3.1mln.

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Watch

Braveheart's Trevor Brown details investment in 'exciting' Pharm2Farm Limited

Proactive London's Andrew Scott speaks to Braveheart Investment Group PLC's (LON:BRH) and Pharm2Farm Limited's (P2F) Gareth Cave following Braveheart's investment in the business. P2F has developed a patented process to increase the bioavailability of trace minerals in plant feeds for...

on 15/7/19

3 min read