Anders Holch Povlsen has been a slap in the millardklassen

It happens after his investment firm Heartland wagered large, and bound themselves to buy the shares for about 1.5 billion dollars in another company, Funding C

Anders Holch Povlsen has been a slap in the millardklassen

It happens after his investment firm Heartland wagered large, and bound themselves to buy the shares for about 1.5 billion dollars in another company, Funding Circle, last year. The shares fell, and it came at a high cost.

More precisely, it cost 1.1 billion, shows the Heartlands accounting for 2018/19. It writes the stock Exchange.

The british company, Funding Circle, the shares had fallen by three-quarters, as the Heartland afsuttede their regskabsår. But it doesn't stop here.

Since last summer, Anders Holch and Heartland namely lost even more.

The total loss on the investment is up to round the whole 79 percent.

the Share, be introduced on the exchange to the exchange rate 4,40 pound, is now completely down to 0,95 pound.

Why has Funding Circles negative development, a large part of the blame, when you need to find a reason for the big loss.

Heartland had a turnover of 29,1 billion to eur 32.4 billion, but is now back with a result of 1.2 billion on the bottom line after tax in the financial year 2018/19's end.

It stands in sharp contrast to last year.

Here was the result of 2.5 billion. It is thus more than halving.

Funding Circle is a company that has created a platform that matches small and larger businesses in need of capital and persons, companies and/or institutions that want to lend money

Updated Date: 03 December 2019, 23:00

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