netwindfall
NO RECOMMENDATIONOnline insurance provider netwindfall has bought Pathfinder, a non-trading company with £100,000 of cash, for £401,000 in shares. The incoming cash will be used to stabilise the company's finances and allow the new board of directors to review its options. Two directors have recently departed, with Alan Page arriving with Pathfinder. Chairman Nigel Turnbull is excited by the prospect of Page reshaping the company. It certainly looks as if it needs reshaping, as it has lost over £4m in the past 18 months. The shares picked up 15% in heavy trading. Speculative.
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Market cap: £1.9m
PE Forecast: n/a
Share price: 0.19p
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