Castle Street Investments, the former Cupid online dating business, saw it shares jump 15per cent as final results showed better than expected cash of £12.1million at the end of 2014.
It also expects cash at the end of 2015 to be £20m rather than £18m, or 28p a share. It expects distributable reserves to be more than £19m. The shares closed up 3p at 22.5p. Chairman Bill Dobbie said: "We are beginning to review selective opportunities that meet our investment criteria, and are considering a combination of cash returns and finding an attractive investment opportunity to propose to shareholders." The group changed its name in January after disposing of the remainder of its online dating assets for £3m and making most of its 180 staff redundant. It had 24 staff in the UK and retained a handful at its Edinburgh head office.
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