City File: Virtuality Group

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The Independent Online
ANYONE watching the storming performance of Virtuality Group, whose shares were placed at 170p on Tuesday and ended the week at 322p, may be forgiven for feeling a sense of deja vu. Is this not reminiscent of the placing of Division Group in May.

Division, from Bristol, is extremely similar to Leicester's Virtuality. Its shares soared from 40p to close at 93p on Friday, and despite a brief flurry of Tuesday, have been unaffected by Virtuality's emergence.

As neither is going to make money this year, both are on infinite multiples, so it is difficult to decide which is better value or whether indeed either is worth buying. Division looks like it has more staying power.