Secora Share Discussion Threads

[encarter] 01/11/2007 09:22

I wonder where they will invest the cash? More news to folloew and with Directors and co hold 75% it's a very thin market. Any buying will see these fly.

[encarter] 01/11/2007 09:06

1.1m in cash, no debt and assets just coming to fruition.

RNS Number:8013G
Secora PLC
01 November 2007


1 November 2007


Secora plc ("Secora" or the "Company")


Disposal


Secora plc, the AIM quoted media and entertainment company, announces that on 25
October 2007 it sold its remaining holding of 69,000 ordinary shares in Premier
Exhibitions Inc. ("Premier") for $887,774 (approximately #425,000 in cash).

Secora sold its interest in the Wonders of the Human Body Exhibition to Premier
Exhibitions Inc., in May 2005, for a cash consideration of $580,000 plus 46,000
ordinary shares and warrants over a further 69,000 shares in Premier.

The Company sold its holding of 46,000 ordinary shares in Premier in June 2006
for $250,700 (#133,571) and, in October 2006, exercised the 69,000 warrants at
an average cost of $1.50 per share, resulting in a holding of 69,000 restricted
ordinary shares. The 12 month restriction lapsed on 24 October 2007 and the
Board determined that it was prudent to dispose of the entire holding.

The proceeds of the recent share sale will substantially increase the Company's
current cash balance to approximately #1.1 million.

Ends

[cliley454] 18/10/2007 09:36

SECORA PLC
Epic: SECO
Are these worth a punt?