IHUK, up due to4 Jan 2011 20:27
Australian corporate raider Bruce Judge and Greg Litster have been increasing their holdings, co results quietly released on 30/12 hinted strongly at new ventures ahead.
Judge who is connected to Ask funding in Australia have been buying into a tiny undervalued AIM stock, the answer has to be they have plans for the co., the stock is simply too illiquid to trade it for a profit, so it has to be a co. changing transaction that is planned.
with plenty of cash and a NAV of £4.6m this makes the perfect reverse takeover/ shell for a new entity imho.
the market is just waking up to this.
£2m of cash on b/s helps as well.
gl.