Member Info for spot1034

The whole sector is trading cheaply due to worries about cuts in public spending, and SWG is lower still due to a pension fund defecit. Both well priced in now in my view, and this company looks vulnerable to a predator, particularly one from overseas due to the weak pound.

It's not really a new company! - the GFRN quote will only be available for a couple of weeks or so until the new shares are fully paid. You can find it on uk.finance.yahoo.com and probably many other sites giving quotes 105p at time of this post.

You're forgetting the small matter of the 7 for 6 rights issue, which is why the price appears to have fallen sharply today. Ignoring the consolidation, the difference between last night's closing price and today's price is accounted for by the fact that holders also now have shares in GFRN (the newly issued nil paid shares) as well as GFRD.