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i-design

  • BY: Andrew Hore |
  • POSTED: 22/07/2011 |

House broker Arbuthnot has cut its full year loss forecast for cash machine advertising software developer i-design from 240,000 to 140,000.

The company says that strong trading momentum is being maintained in the year to September 2011. Arbuthnot expects revenues to be 3.2m - 200,000 higher than the previous forecast.

The shares rose 7.5p to 52p, valuing i-design at 7.33m. The share price has nearly doubled over the past month.

Investment company Brookwell Ltd had already taken advantage of previous share price strength to cut its stake in i-design to below 3%.

A trading update is due to be published in early October.

Download the June 2011 edition of AIM Journal at http://www.hubinvest.com/AIMPDFJuly2011_22.pdf

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