Taking Stock

Skynet, the Ofex wonder share, is joining AIM. The company, with a vehicle and security tracking system, plans to arrive early next month through a placing which will raise pounds 2m. Skynet held a successful City presentation this week.

Its shares, through stockbroker Walters Lunnis, were floated at 27.5p, opening on Ofex last month at 50p and finishing their first day at 92p. They closed at 290p, up 5p.

Dealings are expected to start on Ofex on Monday in shares of Woodstock, a pubs chain. It raised pounds 600,000, selling shares through Austin Friars Securities at 20p. Entrepreneur Luke Johnson is said to have acquired 9.5 per cent and there is talk the company is on the verge of clinching a pubs acquisition.