Director buying has perked up the share price of Asite.
Non-executive director Gordon Ashworth bought 250,555 shares at an average price of 2.87p each, giving him 0.28% of the company, which provides software tools for construction businesses. Chief executive Tony Ryan purchased 186,577 shares at an average price of 2.38p each, taking his stake to 0.43%. Chief operating officer Nathan Doughty didn’t get as good a price as his colleagues. He paid an average of 4.75p a share for the 73,108 shares he bought, taking his stake to 0.43%.
The shares almost hit 6p on the back of this buying and ended the day 1.75p higher to 3.63p. At that price the company is valued at £3.7m. It also has net debt of £2.66m and is losing money. On the plus side it has £5.5m of contracted revenues stretching over more than a decade.
© 2007 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Northern Bear more than doubled its interim profits.
Vending machines operator SnackTime is raising just over £1m to finance its expansion.
Cambridge Mineral Resources has started gold production at its Quintana Gold Mine in Colombia.
Servoca’s cost cutting programme will result in the company making a loss in the year to September 2008.
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds
Call Tinderhouse on +44(0)1227 277832 to help bring your website into line with new AIM rules.
Tinderhouse provides comprehensive investor relations (IR) website solutions that provide all the tools and features needed to satisfy today's regulatory requirements.