leadf
logo-loader
viewZinc Media

Ten Alps knows of no reason for share price rise

share_price_up350_54aaa28d6d348.jpg

TV and radio producer Ten Alps (LON:TAL) told investors it was not aware of a reason for the "sharp increase" in the shares in recent days.

Shares in the media group, founded by Sir Bob Geldof, have seen a near doubling since New Year's Eve - moving to 1.05p from 0.53p.

Today, they are up 20% at the time of writing.

"The board is not aware of any reason for the price movement," it said in Monday's brief regulatory filing.

Newsflow has been heavy in recent weeks at the firm, which has now largely completed a restructuring, and saw a loss before tax of £2.56mln for the 15 months to end June (2013: loss of £8mln).

On December 15, it announced former ITN boss Mark Wood as its chief executive.

Quick facts: Zinc Media

Price: 67 GBX

AIM:ZIN
Market: AIM
Market Cap: £5.32 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Applied Graphene Materials launch new car polishing product with Infinity Wax

Applied Graphene Materials PLC's (LON:AGM) Adrian Potts talks to Proactive's Steve Darling about their latest launch of a new graphene-enhanced car polishing product in partnership with Infinity Wax, a specialist car care distributor. Potts describes the technique as a 'new level of...

50 minutes ago

2 min read