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i-design
- BY: Andrew Hore |
- POSTED: 24/01/2012 |
- COMMENTS: Add yours
House broker Arbuthnot believes that i-design has the ability to build significant revenue streams from software licences and advertising over the next five years.
At its AGM, the cash machine advertising technology developer said that first quarter trading is in line with expectations
So far in this financial year, i-design has won a contract with a Canadian contract was bank thanks to the new joono software launched last year. This is the first significant joono deal and it was won through IBM. Further contracts are expected.
At 50p a share, i-design is valued at £7.05m.
Prior to the AGM, Sigma Technology Ventures sold 100,000 shares thereby reducing its stake to 5.78%. Sigma has sold 300,000 shares since the beginning of December. Richard Swinfen has cut his stake to below 3%.
Hargeave Hale has been picking up shares and owns 4.2% of i-design.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJanuary2012_28.pdf
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