RiverFort Global Opportunities (AIM:RGO)  has described 2019 as “another very busy year” as the group released its final results this morning for the year ended 31 December 2019. 
 
The investment firm said its results for the year have ‘significantly improved compared to the previous year’ as a result of a new investment strategy in listed junior companies. 
 
RiverFort said investing in junior listed groups through debt and equity linked products has resulted in lower volatility and risk which has enabled it ‘to drive profits and cash income’. 
 
As at the end of the year, the company said it held around £4.3 million of its investment portfolio in this type of investment. 
 
Meanwhile, the group said it has made a profit from continuing operations of £623,690 during the period compared to a previous loss of £731,192 in 2018.  
 
The net asset value of the company as at 31 December 2019 stood at £7.8 million up from £7.2 million in the comparative 2018 period, this morning’s statement outlined. 
 
Shares in RiverFort Global Opportunities opened flat at 0.75p on Friday morning. 

RiverFort also released a quarterly update for the first quarter to 31 March 2020 this morning, reporting that it had generated a total £203,000 of income for the period. 
 
The company said it has continued to generate ‘a good level of investment income’ from its investment portfolio, including new investments including Westminster Group and Red T.  
 
The group said it has ‘held back’ on the level of capital deployment during the coronavirus crisis and has focused instead on recovering cash from its investments to reduce risk. 
 
RiverFort said this has now been achieved successfully and has resulted in the company increasing its cash balance over the period to £2.7m from £2m in the same 2018 quarter. 
 
The group added that, given the Covid-19 pandemic situation, it will continue to retain cash at this stage until the outlook going forward is more certain and clear. 
 
The company said it is now looking to actively invest its capital in new opportunities and said it has witnessed ‘an ongoing interest’ for funding in junior listed companies which it believes can deliver ‘attractive investment returns’, particularly during this difficult funding period. 
 
Follow News & Updates from RiverFort Global Opportunities: