News

TechMARK movers: Profit helps GB improve

16 July 2008 11:57:00

Customer monitoring software group GB has attracted buying attention Wednesday after turning last year's big loss in to a small profit this time.

It reported a £41,000 profit in the first quarter compared with a £665,000 loss a year ago on revenues up 57% to £5.75m. Underlying revenue in the three months to June rose 47% to £5.4m.

"The ability to prove age and identity electronically and subsequently to manage customers effectively over the internet is a prerequisite for every on line business and GB is exceptionally well placed to address this growing market," chief executive Richard Law.

"We are pleased to report excellent progress in the year to date and I remain confident about the group's prospects."

Field engineer software specialist ServicePower resumed its path lower. Investors remembered June's announcement that it had drawn down a new £1m loan facility agreement in full and planned to raise further funds via a placing.
FTSE TechMARK - Risers
Oxford Biomedica (OXB) 7.40p +16.54%
Ceva Inc (CVA) 375.00p +15.38%
GB Group (GBG) 30.25p +13.08%
NXT (NTX) 10.50p +11.94%
Phytopharm (PYM) 18.00p +7.46%
Alphameric (ALM) 18.00p +5.88%
Vernalis (VER) 4.05p +3.85%
Renovo Group (RNVO) 37.00p +3.50%
Alizyme (AZM) 16.75p +3.08%
Vectura Group (VEC) 48.50p +2.11%

FTSE TechMARK - Fallers
ServicePower (SVR) 5.13p -8.88%
Emblaze (BLZ) 29.25p -8.59%
Puricore (PURI) 15.00p -7.69%
Plasmon (PLM) 4.00p -7.62%
Sinclair Pharma (SPH) 31.00p -6.06%
Fidessa (FDSA) 750.00p -5.66%
Ark Therapeutics (AKT) 51.75p -5.05%
Xaar (XAR) 105.25p -4.97%
Filtronic (FTC) 72.00p -4.64%
E2V Technologies (E2V) 235.00p -4.28%

All data suppied by Digital Look (15 minute delay)




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