Market report: Parallel Pictures debuts today on the junior Alternative Investment Market
Wednesday 02 September 1998
The title of Parallel's first major movie is unlikely to endear it to fund managers: the pounds 6m tale of Victorian love featuring Full Monty star Robert Carlyle is Poor Things.
MMS PETROLEUM, the Dublin-based oil exploration company, rose 1p to 23.5p amid rumours that a predator is circling the AIM-listed outfit.
The stock has been trading below net asset value for some time and speculation is growing that a medium-sized oil company is keen to get its hands on MMS's contracts in Bulgaria and Romania. Hopes of a deal were boosted by the news that the specialist oil investor, Paul Curtis, raised his stake to 7.2 per cent.
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