Kestrel Opportunities Fund bought more shares in IPTV technology firm ANT following last week’s profit warning.
Kestrel increased its stake from 11.6% to 12.9%.
Interim revenues for 2012 will be higher than the £2.14m reported in the first half of 2011 but that was because there was a significant royalty payment in the first half. However, licence revenues are significantly lower and this has been exacerbated by higher costs relating to a major contract.
George Ralph is taking over as finance director of ANT. The previous incumbent Pauline Ingram is leaving but for the time being is interim chief executive following the departure of Simon Woodward.
At 17p a share, ANT is valued at £4.13m.
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