News blog
Prologic
- BY: Andrew Hore |
- POSTED: 24/02/2009 |
It appears that Legal & General may have sold its 8% stake in Prologic to Aim-quoted investment company Brookwell Ltd.
Brookwell has acquired 800,000 shares in the retail software systems provider. There have been no other recent stake announcements but L&G owned this number of shares and was the sixth largest investor. Prologic shares are illiquid and the share price can move sharply if there is any trading interest.
The Prologic share price has more than halved in the past year. At 33.5p a share, Prologic is valued at £3.35m.
House broker Arbuthnot forecasts a profit of £80,000 in the year to March 2009.
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