News blog


  • BY: Andrew Hore |
  • POSTED: 15/08/2008 |

Infoserve has been approached by a potential bidder.

The online local search marketing company says the talks are still at an early stage.

The shares rose 1.5p to 22p, which values the company at £4.2m.

Infoserve has 3.5m UK businesses listed in its business directories. The company has disappointed over the past couple of years even though it won a local advertising contract from Yahoo. Finding the right telesales personnel has been the main problem.

Revenues grew from £3.76m to £4.65min the year to March 2008 and the reported loss declined from £3.23m to £2.89m. Net debt was £2.82m and cash was flowing out of the business.

Infoserve floated on 23 June 2006. It raised £2m at 41.15p a share. Infoserve raised a further £1.88m at 45p a share after it won the Yahoo contract.

© 2020 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

News Blog
All micro news

Quoted Micro 20 January 2020

Continue reading... | 19/01/2020

Northern Bear

Building services provider Northern Bear has acquired electrical contractor J Lister for an initial £950,000 in cash and shares. 

Continue reading... | 19/01/2020

SimiGon Ltd

A shareholder has filed two legal claims against simulation technology company SimiGon Ltd. 

Continue reading... | 19/01/2020

UniVision Engineering Ltd

UniVison Engineering Ltd has signed a framework agreement with the China Railway Engineering (Hong Kong) and China Railway Wuhan Electrification Engineering joint venture. 

Continue reading... | 19/01/2020

All micro news

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at Subscribe to AIM Micro RSS Feeds