I hold these as a longer term punt for recovery - former dotcom high flier who have recently been refinanced and seem to be heading for profitability and maybe a bid

ains




February 01, 2003

Times Rumour of the day



Further stakebuilding in Easyscreen through Cantor Fitzgerald, which now holds 9.4 per cent as a result of contracts for differences bought by its clients, raised hopes that third-quarter results from the software house, due on February 17, will reassure. LeggMason and Deutsche have recently sold the shares, steady at 24p.

03/28 07:32
EasyScreen 3Q Loss Narrows; Company Says Cash Flow to Improve
By Tom Kohn


London, March 28 (Bloomberg) -- EasyScreen Plc, which builds software for trading derivatives, said its fiscal third-quarter loss narrowed and the rate it's spending cash will slow in the fourth quarter.

The net loss narrowed to 793,975 pounds ($1.2 million), or 1.49 pence a share, in the three months ended Dec. 31, from 888,141 pounds, or 2p, in the year-earlier period.

Banks, securities firms and exchanges are computerizing their trading to cut costs and boost efficiency. They've been slower to do this for derivatives than for simpler transactions such as bonds and currencies. A derivatives contract is a financial instrument whose price is based on another asset.

``Costs, total recognized losses and cash burn have been significantly reduced,'' Chairman Philip Docker said in a statement on the U.K. Regulatory News Service. ``The cash burn will again reduce substantially in the fourth quarter.''

Cantor F now hold over 14%

Ticking up lots today - 8.25%

Cantor now holds over 17% or 9.655 million shares