Taking Stock

Wednesday 15 January 1997 00:02 GMT

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SkyNet, the controversial car-security systems group, is expected to return to Ofex on Friday. The shares have been suspended since July. The SFA is investigating hectic trading which sent them surging from 27.5p to 275p. The return to Ofex comes as SkyNet is hoping to raise up to pounds 1.7m through a four-for-13 rights issue at 50p. It says 20 insurance companies will reduce motor premiums when SkyNet's 2,000 system is fitted and it has lined up 180 dealers.

Flying Flowers, once again expected to produce results on St Valentine's Day, edged forward 2p to a 202.5p peak. The Jersey-based company is trading well and must have scored from the recent cold snap. It is expected to comfortably top market forecasts of pounds 3m - perhaps reaching pounds 3.3m.

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