AFH Financial raises further £500k for acquisitions

AFH sold 418,410 ordinary shares at a price of 119.5p to two private investors after the investors approached the IFA for an increase of their stake in the business. Philip and Lynn Mobberley, who have been invested in the firm since its IPO in June 2011, now hold 1,896,492 ordinary shares, or 11.1% of the business. IHF already raised £2.8m in August, saying it would use the money as working capital and for future acquisitions. However, so far the IFA has not set its eyes on any specific targets. A spokesperson said: "There are always acquisitions in sight [and] AFH is on the lo...