14/09/2000
The trendy Clerkenwell-based technology incubator business has doubled its portfolio of 'cubs' since flotation in April. And four of these have received further external funding, which allows Brainspark to record an uplift in the valuation of its holdings. The emphasis is moving away from B2C businesses towards B2B services and internet infrastructure. It believes that returns here will be more 'sustainable'. It is also keen to create 'carve-out' businesses from large corporations. In the six months to 30 June, losses hit £5.95m compared with cash balances of £14m.
| Market cap: | £125.1m |
| PE Average: | 76.6 |
| PE Forecast: | n/a |
| PE Historic: | n/a |
| Share price: | 101.5p |
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