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The Independent Online
Bogod, a tightly controlled, family-run sewing machine distributor which rarely attracts attention, is riding at a peak. Plans to develop its Cardiff office site as an out-of-town retail unit are behind the excitement.

It intends to let the property and relocate its own operations. If the venture is successful it could lift the group's asset value to more than 85p-a-share with 16p in cash. The company is controlled through its ordinary shares, priced at 63p; the restricted voting shares are 45p.

Intercare, the healthcare group, gained 3p to 78p, a two-year peak. It has been reshaped under new management and is thought to have reversed its profit decline.

At its peak it produced pounds 4.3m; last year's figure was pounds 2.5m.