Companies: CAPT   

Colourful financier Renwick Haddow is backing a pre-float funding by mobile phone data provider Worldlink Group.

Bombed-out AIM investment outfit Capital Ideas, chaired by Haddow, has put £100,000 for 790,514 shares at around 12.5p a share into a pre-float funding by Worldlink, a company with a patented process that can ‘keep investors up to date with share prices and sports fans with reports and scores’. Capital Ideas, whose shares have fallen from 2002’s 7.5p AIM float price to 0.38p, has at the same time taken 9.7 million shares from Worldlink in lieu of arrangement fees.

Worldlink is in a stable of companies backed by Arc Fund Management, another AIM financial group, from whose board key shareholder Haddow, formerly with the controversial GHW financial group, recently resigned. In December, finance group City of London and ex-Tory party treasurer Lord Ashcroft’s Mayfair company took significant stakes in Arc.

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Capital Ideas	AIM	£0.92m	0.32p	-0.08p
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