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AIM news
Last month, the AIM Index broke through a significant barrier, gathering up 4.8 per cent from 970.2 to 1,016.3, with a number of technology ventures lifting investors’ spirits.
Telit, the telecommunications specialist led by Israeli entrepreneur Oozi Cats, announced an encouraging cut in annual losses from £5.57 million to £662,000.
At 90p, the share price is four times higher than 12-month lows, having climbed by more than 40 per cent throughout February.
Digital TV software provider ANT scuttled to a 64 per cent premium after unveiling uplifting 2007 figures. Although sales slipped and losses widened, margins grew to 85 per cent and the second-half performance was a big improvement on a tricky first half.
Mobile internet platform provider Bango said ‘strong’ sales growth was helping to cut losses as it launched ‘Bango Analytics’, a technology platform that helps companies in their mobile marketing efforts.
Craneware, whose products help US hospitals optimise their patient billing, expects to increase market share after doubling interim profits to £820,000 pre-tax. Floated at 128p in September, shares in the Scottish software concern have risen to 155.5p.
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