News blog
Ten Alps
- BY: Andrew Hore |
- POSTED: 08/12/2008 |
Ten Alps says that it is still on track for a seventh successive year of growth.
Reported profits fell in the six months to September 2008 but underlying, pre-amortisation profits improved from £1.66m to £1.68m on slightly lower revenues of £37.1m. Net debt is £7.4m.
The second half is always much stronger than the first and operating margins are improving.
Ten Alps joined Aim in 2001 following its reversal into Osprey Communications. At that time there was a fund raising at 23p a share. The original business was founded by chief executive Alex Connock and non-executive director Bob Geldof. In 2006 the company paid up to £12.25m for contract publisher McMillan-Scott and this was partly financed by a placing at 65p a share.
The company has split itself into two divisions: content and communications. The content division includes TV programmed production, radio programming and specialist internet sites and online TV. The communications division includes contract publishing, event organisation and marketing services.
In November 2008, Ten Alps changed its nominated adviser and broker from Collins Stewart to Grant Thornton and Canaccord respectively.
At 23.5p a share, up 0.75p on the day, Ten Alps is valued at £12.4m.
© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- Browse by issue
- All issues
- Popular tags
- All tags
- AIM Micro feeds
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds
|