City File: Cable TV firm ready to make waves

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The Independent Online
THE shares of Flextech have nearly doubled since the company sold its remaining interests in the oil business and concentrated on cable TV and a 51 per cent stake in the satellite service, The Children's Channel.

The excitement now is a deal that Roger Luard, Flextech's chairman, is due to sign soon with British Sky Broadcasting. It will make the Children's Channel a paid-for service, transforming the loss-making station into a valuable asset.

Guy Lamming, media analyst at James Capel, reckons Flextech will be one of the best-performing shares this year, and is predicting they will rise from 80p to at least 100p. Expect some announcement with Wednesday's half-year results.