Market Report: Taking Stock

Shares of Po Na Na, running Spanish-style late-night bars, are having an exciting run on Ofex. Priced at 9p last year they closed 2p higher at a 51p peak. Stockbroker Teather & Greenwood believes profits this year will emerge at pounds 400,000 with pounds 950,000 in prospect next. The company, related to fully quoted Grosvenor Inns, has eight outlets with two more opening next month.

Action Computer Supplies, one of the few companies recently to come to market via a reverse take-over, is described as "one of the most attractive long-term investments" in the information technology sector by analyst Richard Dyett of Henderson Crosthwaite.

He forecasts profits this year of pounds 4.8m with pounds 6m likely next. The shares held at 190.5p.