Ashington Innovation is a shell seeking to acquire a technology business. It has not narrowed the potential sectors down by much, but it is likely to be something developing a newer technology.
The share price ended the first day of trading at 4p (3p/5p). There were 150,000 shares traded in three deals, including one for a single share.
The NAV is 0.85p/share and the share price is more than four times that level. High enough.
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Ashington Innovation (LON: ASHI)
Technology shell
www.ashingtoninnovationplc.com
Market: Standard list
Placing
Flotation da...
