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Asia Digital Holdings

  • BY: Andrew Hore |
  • POSTED: 15/02/2011 |

Asia-focused online advertising services provider Asia Digital Holdings says that it knows no reason for its share price fall but there is certainly a lot more trading in the shares today than in recent months.

The share price opened at 0.52p and at one point hit 1p. It fell back to 0.66p, which is still above the 12 month high. There has been a recovery to 0.735p, which values the company at £3.69m. 

There have been two trades worth more than £10,000 each. The trading volumes sparked at around 10am and have continued to be strong since then.

Just before Christmas, Asia Digital received around £1m as the second tranche of the payment for the sale of its Australian business. This helped to repay a convertible loan carrying a 15% interest rate. A final £600,000 should be paid for the Australian business in November.

Costs have been cut and China will be the focus for expansion.

Download the February edition of AIM Journal at http://www.hubinvest.com/AIMPDFFebruary2011_17.pdf

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