PLUS news 11/03/2010
Retail-focused stock exchange PLUS has regaled investors again with news of upbeat trading volumes during January.
Although the performance of the AIM Index proved largely flat over the past month, there were, as ever, a number of extravagant movements among its individual constituents.
By far the biggest riser was health and leisure investment minnow Addleisure, which almost quadrupled from 1.5p to 5.75p as private healthcare giant BUPA acquired a 29.9 per cent stake for £3 million and agreed to invest a further £3.7 million in one of its subsidiaries.
At the other end of the scale, shares in troubled Biofuels Corporation, down more than 95 per cent in just over a year, fell further as chairman Mike Buzzacott revealed the company was unable to continue without the support of its bank and proposed a financial restructuring to sidestep insolvency.
A similar story emerged at CMS Webview, where at the company’s AGM management informed shareholders that talks with potential suitors had come to nothing and that the decision had been taken to propose voluntary liquidation. The shares shed more than 80 per cent of their value to 0.15p on the day.
£7,277 That’s what you would have in your portfolio if you had invested £6,000 into the six Company Watch recommendations in our April 2009 issue.
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Retail-focused stock exchange PLUS has regaled investors again with news of upbeat trading volumes during January.
The AIM All-Share index dipped and rose slightly but essentially failed to move much over the course of February, starting at 667.27 points and closing at 667.24 as the market took a breather.
Snowfall fails to help retail recovery