PLUS news 11/03/2010
Retail-focused stock exchange PLUS has regaled investors again with news of upbeat trading volumes during January.
Trust Property Management, the property management and chartered surveying services play that joined AIM in March, has appointed extremely well-known sector mover and shaker Larry Lipman as a non-executive director.
Entrepreneurial Lipman has held a variety of directorship roles with companies in both the quoted and unquoted arena. The renowned deal-maker co-founded AIM-listed Safeland, from which he de-merged or listed a number of other companies onto AIM, his knowledge of which is said to be ‘in depth’.
These include Hercules Property Services, a residential management business and commercial property auctioneer that waltzed off with the best-performing AIM share award in its maiden year of trading, as well as Bizspace, which was subsequently acquired by Highcross for £81.2 million in 2006.
Self-storage venture Safestore was re-listed and today boasts a market value of £375 million, having previously been taken off the market following a £44 million management buy-out.
‘We are delighted to welcome Larry, who we have known and worked with previously, to our Board,’ beamed Trust chief executive Benjamin Mire. ‘He brings with him a wide variety of industry expertise and experience, which will prove invaluable for the future development of the Group.’
£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