VSA Capital Group (LON: VSA) wants to show its support for the Aquis Stock Exchange by refloating itself on that market having left AIM in 2013. VSA Capital is keen to become increasingly involved with Aquis, but it also has expertise in other markets.
Management believes AIM is over regulated and costly and that Aquis Stock Exchange is an attractive alternative. They also want to attract more individual investors to help to finance transactions.
In the first three days of trading, the VSA Capital share price has risen to 23.5p (23p/24p), which values the company at £4.57m. There have been seven trades, although two were by non-exec Andy Chen.
VSA Capital is making a small pre-tax profit if gains on the sale of investments are excluded. It could be argued that sales of investment...