14/08/2002
Website hosting business Host Europe is to buy the remaining 49% of German internet hosting and design firm One-2-One Advertising. It has issued 42.4m shares to the vendors, which, at today's price, values the deal at £531,000, and One-2-One (not connected with the UK mobile phone operator) at £1.08m. In the year to December 2001, Host Europe made a loss of more than £34m after a £33m goodwill charge arising from the acquisition of hosting companies Magic Moment and WebFusion. Nevertheless, at the AGM in May chairman Graham Duncan reported that trading was going well and its cash balance (£937,000 at year-end) rising.
| Market cap: | £13.1m |
| PE Forecast: | n/a |
| Share price: | 1.25p |
| AIM | £2.13m |
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| Other company articles: |
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