Boston International Holdings ( (GB:BIH) ) has shared an announcement.
Boston International Holdings PLC announced its unaudited half-year results for the period ending 30 June 2024, reporting a net loss of £278,741 due to administrative expenses. The company has made significant strides in securing new investments, including a subscription agreement with Zarara Energy Ltd, resulting in Zarara holding 60% of the company’s enlarged share capital. Despite the termination of a potential acquisition with Hyperion Resources Limited, the company continues to explore new opportunities, notably signing a non-binding letter of intent with Linkvalue Investment Limited. These developments suggest a strategic shift and diversification in BIH’s operations, potentially impacting its industry positioning and shareholder dynamics.
More about Boston International Holdings
Boston International Holdings plc operates as a special purpose acquisitions company (SPAC) founded in 2015, focusing on acquiring target companies or businesses. Initially aimed at the foreign exchange sector, the company has since broadened its acquisition targets beyond specific industries or regions.
YTD Price Performance: 0.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £769.3K
See more data about BIH stock on TipRanks’ Stock Analysis page.