Medsea Estates’ shares languished at 1p this week after the AIM-listed company reported a £1.3m pretax loss for the year to 31 December, down from a £1m loss the previous year. Medsea, which builds holiday homes in the Mediterranean, has been hit particularly hard by the Spanish property downturn. The group’s shares were trading at 14p last summer.
Medsea Estates’ shares languished at 1p this week after the AIM-listed company reported a £1.3m pretax loss for the year to 31 December, down from a £1m loss the previous year. Medsea, which builds holiday homes in the Mediterranean, has been hit particularly hard by the Spanish property downturn. The group’s shares were trading at 14p last summer.
