RSS

City group buys into Accidentcare

Article Date:  May 23 2001

Singer & Friedlander Investment Management has acquired a 26 per cent stake in Accidentcare, the Ofex-traded post-accident help, care, car hire and insurance business, writes Robert Tyerman.

Loss-making Accidentcare, which recently raised £550,000 from shareholders at 30p, announced on Monday it had received ‘approaches’ from another another, undisclosed group. Now, the company has revealed that the investment arm of finance group Singer & Friedlander has bought a 25.75 per cent stake.

No-one has been available for comment as yet at Accidentcare, which lost £519,000 in its last year after a switch to more conservative accounting. The shares now stand at 32.5p, against a 2001 high of 45.5p and a 20.5p low.

This story is from Growth Company Investor, the independent voice on fast-growing companies. Subscribe today for the latest AIM recommendations.

Comments 

There are currently no comments on this article

Sign up and get...

  • Regular GrowthBusiness newsletters
  • Post comments on articles
Sign up

Research

  • Directors' Pay AIM 2009

    What should an AIM company pay its CEO or FD?
    What should a non-executive director or chairman expect to be paid?
    What benchmarks should AIM remuneration committee members be using when
    setting pay?
More

Events Calendar

The Media Magnate Awards 2009

26th March, Vinopolis, London

More

More News: Small-Cap Spotlight

Iron ore miner in AIM float

West African iron ore play Bellzone Mining plans to raise more than $100 million (£66 million) to develop deposits in Guinea.

Rheochem raises £1.6m

Oil and gas services, production and exploration concern Rheochem is tapping AIM with a 5p placing for a North Sea project.

Malaysian group takes AIM

Data centre services provider CSF Group is seeking to raise £28 million for an AIM float at 55p.

Advertisement

Related articles

Futura strikes evaluation pact

Drug developer Futura Medical says a 'major pharmaceutical company' is to consider commercialising its TPR100 pain relief cream.

Exploration Insights by Robert Tyerman

With new long-term projects being pulled each day, and a hard-to-predict supply and demand for precious metals such as gold, a punt on uranium could be your best bet 

New orders cheer GTE

Gas Turbine Efficiency (GTE) says £3.2 million worth of new contracts have helped boost total orders 66 per cent to £7 million.

Five shares to sell

With the first quarter of 2005 now firmly behind us, under-performing companies with poor prospects and dull outlooks have had time to start restoring their fortunes and convince sceptical investors of their improved prospects. But, James Crux finds four companies which have not done so, and one behemoth whose acquisition strategy is coming under much criticism

Poll

Which currency will gain most this year?





Have your vote on current issues

People who read this also read

  • CODA's SquareSum bid gets the go-ahead

    Having received valid acceptances for 95.09 per cent of SquareSum's issued share capital, CODASciSys' £9 million offer for the Ofex-traded accounting software firm has been declared unconditional. Elliott Davis Report.

  • Murchison loses £9.3m

    Luckless Aim-listed Australian mining prospector Murchison United blames falling tin prices and adverse movements in the Aussie dollar for a loss of A.3 million (£9.3 million) in the year to June on turnover down 59 per cent to £13.2 million, writes Robert Tyerman.

  • Galleon arm in Malaysia deal

    Entertainment group Galleon's new Hong Kong acquisition, Phoenix, has clinched a potentially lucrative deal with TV3, Malaysia's largest TV station.

  • Crescent backs NiSoft buy-out

    NiSoft, a Belfast-based provider of safety management document systems, has been bought by its management in a deal that includes its US subsidiary.

  • Setting a Cap for AIM

    US-focused Cap Energy is seeking to raise £600,000 and move its shares from Ofex to AIM.

White Papers

12 Key Points to Consider When Selecting a Network Scanning Solution

Discover the 12 key points your company should consider before you evaluate and select a vulnerability assessment solution.

1Z0-040 Oracle Database 10G New Features for Administrators Practice Exam

Oracle 9i administrators can certify on Oracle 10G by passing this exam. The ExamForce 1Z0-040 Oracle Database 10G New Features for Administrators practice exam provides their unique triple testing mode to instantly set a baseline of your knowledge and focus your study where you need it most.

2009 Employment Screening Practices Benchmarking Report

A Valuable Tool to Help You Assess the Strength and Potential of Your Screening Program.

More