logo-loader

Legendary Investments hails proactive investing style

Published: 10:05 27 Aug 2013 EDT

no_picture_pai

Shares in Legendary Investments (LON:LEG) made heroic gains on Tuesday after a well-received set of full-year results.

The investment firm said it made good progress against its stated strategy of delivering high returns through proactive investments in growth companies.

The company showed a handsome return on its investment in Fastnet Oil and Gas (LON:FAST), realising £119,000, or a return of 4.3 times its investment in 17 months.

Meanwhile, in July 2011 the company invested £50,000 in Medgold Resources (CVE:MED) and, following the company’s reversal into CVE-listed Emerick Resources, Legendary Investments is sitting on a return of 1.9 times its initial investment after just 16 months.

Legendary’s loss per share in the year to 31 March was unchanged from the previous year at 0.01p.

Alvopetro posts 86% net back margin as Q2 volumes jump 26% and Murucututu...

Alvopetro Energy Ltd (TSX-V:ALV, OTC:ALVOF, FRA:A6Y0) CEO Corey Ruttan tells Proactive's Stephen Gunnion that Q2 2026 sales volumes averaged 3,067 barrels of oil equivalent per day, up 26% year-on-year, with revenue of just over $19 million and funds flow from operations of $14.1...

22 hours, 22 minutes ago