Shares: Taking Stock

Motion Media jumped 25p to 205p on the fringe Ofex market. Its intends to launch its video telephone at a London exhibition next week. There are suggestions the MM development is already creating considerable excitement. Last month MM raised pounds 2.5m in a placing and open offer with institutional demand prompting the company to increase the cash raising from pounds 2m.

Langdons Foods, the struggling tea and coffee group raising pounds 860,000 through a one-for-one rights issue, is thought to be attracting tentative predatory interest. It has suffered largely due to its Importers coffee shop subsidiary which it now wants to sell. Since it was hived off from Plantation & General two years ago Langdons has made two cash calls. The shares bump along at 1.5p.

Comments