Cupid See Two Major Investors Increase Their Stake


Cupid have had two lots of investment news in the past week.

Investment group Kestrel, who increased their stake in Cupid to 14.5% in May, have bought an additional 750,000 shares, according to The Herald.

These are expected to be worth around £165,000, and takes their share up to 19.5%.

This maintains Guernsey-based Kestrel’s position as the second largest investor in the Edinburgh dating company, behind Cupid’s founder and former chief executive, Bill Dobbie.

The other investment news is that Richard Griffith, the founder of investment bank Evolution, has doubled his stake from 3.9% to 8.9%.

Griffith bought 3.2m shares.

This is following news in September that Cupid saw a loss of £3m for the first half of the year, compared to £2.8m in 2013.

Revenues from continuing operations fell by over half to £7.2m.