News blog

Imagelinx

• BY: Andrew Hore |
• POSTED: 07/11/2012 |

Packaging graphics services provider Imagelinx says that it plans to leave Aim and move to the BritDAQ trading platform.

BritDAQ, which is authorised by Walker Crips Stockbrokers, is attractive because trading is on a matched bargain basis with an “automated low cost share registration service”. All matching is done over the telephone by Walker Crips.  BritDAQ already matches bargains in a number of former Aim companies, including Rock Solid Images and Baydonhill.

Management will not have to spend so much time complying with regulations and there will be savings in professional fees. There should be cost savings of around £100,000 a year.

Nearly three-quarters of Imagelinx is owned by seven investors and there is a lack of liquidity in the shares – partly down to the erratic financial performance of the company.

The share price fell by more than 29% to 0.3p, valuing Imagelinx at £870,000. Imagelinx is expected to report a loss in 2012. Net cash was £160,000 at the end of June 2012.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFOctober2012_37.pdf