Frontier IP Group PLC (AIM:FIPP) CEO Neil Crabb talked with Proactive about the company’s annual results, a £3 million placing and subscription, and ongoing portfolio developments. Despite challenging financial markets, the company saw a modest gain in portfolio value and reduced losses, signalling resilience and growth potential.
Proactive: Neil, very good to speak with you. You are out with your annual results and also news of a £3 million placing and subscription as well as a retail offer. Let’s start with the results because you made a lot of progress despite challenging financial markets.
Neil Crabb:I think it’s certainly true that markets continue to be challenging, although there is some evidence that they’re beginning to soften or improve slightly. Turning to our results, we saw a modest gain on the value of the portfolio, which, against the backdrop of still falling venture prices generally, was a good relative performance. Obviously, we have our own running costs as …