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TechMARK movers: Debt reduced at KCOM

Thu, 31st Mar 2011 13:21
KCOM is higher after it said that trading is in line with expectations but net debt will be lower than forecast. The telecoms firm has experienced growth in multi-year contracts. Net debt will be below ÂŁ85m at the end of March 2011. Educational IT supplier RM says that its interim revenues will fall because of the challenging market. Management has cut the cost base by ÂŁ5m a year at a cost of ÂŁ1.7m. The year end is being changed from September to November. FTSE TechMARK - RisersAsterand (ATD) 18.00p +16.13%AEA Technology Group (AAT) 4.25p +11.11%Antisoma (ASM) 2.75p +10.00%Ceva Inc. (CVA) 1,550.00p +6.90%Parity Group (PTY) 29.75p +6.25%KCOM Group (KCOM) 62.50p +4.17%Renovo Group (RNVO) 14.75p +3.51%Alterian (ALN) 185.00p +2.78%Optos (OPTS) 198.00p +2.06%ARM Holdings (ARM) 573.00p +1.87%FTSE TechMARK - FallersCryptologic Ltd. (CRP) 110.00p -8.33%Oxford Biomedica (OXB) 5.52p -4.58%Emblaze Ltd. (BLZ) 47.50p -4.52%RM (RM.) 150.00p -3.38%Phoenix IT Group (PNX) 195.25p -3.34%Dialight (DIA) 728.00p -2.61%Torotrak (TRK) 41.00p -2.38%Psion (PON) 92.50p -2.12%Innovation Group (TIG) 16.25p -1.52%

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