Braveheart Investment (GB:BRH) has released an update.
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Braveheart Investment Group has announced a significant devaluation of its portfolio assets, writing down the values of its equity investments in Paraytec Limited and Kirkstall Limited to zero, reflecting challenges in selling these assets and doubts over loan repayments. The combined write-downs and the sale of its Phase Focus Holdings Limited stake have drastically reduced the portfolio’s book value from £9.46 million to approximately £1.75 million. Despite these setbacks, Braveheart is refocusing on new transformative investment opportunities while also taking measures to reduce costs and preserve cash reserves.
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