Taking Stock

Click to follow
The Independent Online
Shares of Motion Media, developing a video-telephone system, were suspended on the fringe Ofex market as pounds 450,000 was raised through a placing at 105p. Frozen at 190p, the shares have hit 310p on talk of deals with BT and Continental groups. The company says it is talking with "a number of prospective major customers" and its video-phone is being exhibited at a German electronics show. MM arrived last year at 67.5p. Dealings are expected to resume today.

Stordata Solutions, which has had a dismal time, held at 12.75p. The car security and computer systems company produced disappointing profits of pounds 1.5m last year but market hopes are high it is set for more than pounds 2.2m which puts the shares on a prospective rating of only 10.2.

Comments