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Avesco Group
- BY: Andrew Hore |
- POSTED: 13/04/2010 |
- COMMENTS: Add yours
Taya Investment Company has increased its stake in Avesco Group to 29.6%
This is three percentage points more than it owned previously.
Avesco deputy chairman Richard Murray recently acquired 300,592 shares at 45.21p each and took his stake to 19.98%. At the time that purchase price was higher than the market price, but the market price has risen sharply since then.
At 60p a share, the broadcast and presentation equipment supplier and renter is valued at £15m, which is less than half its NAV.
Taya says that it has no plans to bid for Avesco.
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