Market Report: Taking Stock

AIM-listed Property Asset Holdings (PAH) made its debut yesterday. The company, which acquires property in and around London, placed at 6p, and closed 1p higher at 7p. PAH has around pounds 9m to spend on property which will provide an above-average return on investment. It already has interests in the King's Road, and in south-west London.

Audio Book & Music Holdings (ABM), the Ofex-traded company which markets and distributes audio book and music, obtained a pounds 500,000 secured term loan yesterday to expand its operations and stock a wider range of products. ABM added 5p to 100p, and was also buoyed by news of an agreement with Virgin/Our Price to supply audio books.