Updates and Ideas

Digital Barriers - "Son of Detica"

March 2010

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

One of the more interesting new issues this year is Digital Barriers (DGB;126.5p), a cash shell formed by Dr Tom Black, 50, former chief executive of Detica, a high tech security services specialist. Two of the other executive directors are also old Detica hands. Dealings started on 4 March following a placing of £20m new shares at 100p to value the company at £24.8m. At the latest 126.5p, clearly investors are hopeful that Digital Barriers will be "son of Detica." Established in 1971, Black took control of Detica in 1997 when he led a VC-backed management buyout. He floated the business in 2002 for £87m and subsequently sold it to BAE for £531m in 2008. Detica's mainstay was the supply of ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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