Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Capital For Colleagues PLC - Wiltshire, England-based investment vehicle focused on the Employee Owned Business sector - Sells remaining investment in Merkko Group Ltd, a builder's merchant in Kingston Bagpuize, England. Merkko was recently acquired by Independent Builders Merchant Group Ltd. Explains that it originally invested in 2015 and sold its stake in 2020. Says that it reinvested £150,000 of the proceeds to subscribe for ordinary shares and sold these for £378,000 now, more than double its original investment. Plans to use proceeds for general working capital purposes.
Current stock price: 67.50 pence, up 3.9% on Friday
12-month change: up 50%
Copyright 2022 Alliance News Limited. All Rights Reserved.