Kiss Of Death17 May 2009 08:33
Seem to have put the kiss of death on this one. As I mentioned previously any buys/sells seem to move the share quickley,so a couple of buyts should send it back over the £1.
Recent news about Chime being in talks regarding a takeover of rival Next Fifteen seem to have affected the price. I guess investors are unsure whether or not this is a good or bad thing.
Personally having researched Next Fifteen, I would see it as a great long medium/long term acquisition. This is a brief summary of Next taken from their website.
Next Fifteen Communications Group plc is the holding company for a group of worldwide PR consultancies. It owns five independent subsidiary PR brands that operate as autonomous businesses. It also owns two research businesses and has an investment in a policy communications business. Between them these businesses have 39 offices in 18 countries. The majority of the Group's clients are in the technology industry, and include global names such as IBM, Apple, Microsoft, Sun Microsystems and Cisco. Over the last few years our strategy has broadened and we began seeking non-technology clients. This strategy was particularly helped by the acquisition of Lexis Public Relations. The Group now works with brands such as Coca-Cola, Whirlpool, TOTAL, Dove, Nokia, MySpace and the Barclays Premier League.
So some pretty big clients to add to Chimes portfolio, if they are successful. Huntsworth another PR company are also interested in acquiring Chime