Athol wins over Worship Street, more deals in pipeline

Athol Gold and Value, the AIM listed investment company, says that it has now received shareholder approval for its purchase of Worship Street Investments.

The deal was approved at a shareholder meeting on December 30.

Article continues below

Try 6 free issues of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial

https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Jennifer Allsop, the Chief Executive of Athol said:

"Our funds under management have today increased by almost 50%. We have more than doubled our shareholder list. Other deals of a similar nature are in the pipeline and our aim of creating a vehicle with highly liquid shares, serious funds under management and which is able to deliver value by rationalising the plethora of sub critical investment companies on AIM and PLUS has moved one step closer."

Last year Athol shares fell 62% in value.

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.