Taking Stock

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The Independent Online
Television producer Mike Mansfield has reduced his stake in showbiz group Galaxy Media, selling 30,000 shares at 110p against an unchanged 120p price on the backwater Seats market. He still has 13.63 per cent. Six months ago the shares hit a 200p peak.

African Gold Resources, an Australian-based explorer, arrived on the lightly regulated Ofex market. It has mineral prospects in Ghana and is seeking to expand. Its shares created little interest, holding at 5p, capitalising the company at pounds 3.4m.

Inspec, a chemical group, held at 235.5p. Analyst Philip Morrish at Nikko has lifted his estimates and sees profits increasing from pounds 32m to pounds 47m last year and reaching pounds 53.5m this year. He rates the shares a buy.