Jaywing (JWNG)

Sector:

Media

Index:

FTSE AIM All-Share

 3.10p
   
  • Change Today:
      0.000p
  • 52 Week High: 5.25
  • 52 Week Low: 3.10
  • Currency: UK Pounds
  • Shares Issued: 93.43m
  • Volume: 20,000
  • Market Cap: £2.90m

Jaywing sells e-commerce arm Tryzens

Date: Monday 07 Oct 2013

LONDON (ShareCast) - Jaywing’s shares rose after completing the sale of its e-commerce arm Tryzens for 6m pounds.

The UK digital communications company said the disposal will strengthen its balance sheet and allow for investments in areas of “greater strategic interest”.

The outstanding inter-company debt Tryzens owes to Jaywing has been fully repaid following the transaction.

Jaywing’s outstanding debt owed to Barclays has also been paid back.

In the year to the end of March 2013, Tryzens generated £0.3m profit after tax and had net assets of £1.1m.

"It has been evident for some time that there are few synergies between the work and clients of Tryzens and those of the plc's marketing company, Jaywing," said Chief Executive Officer, Martin Boddy.

"While Tryzens has performed well in some difficult trading circumstances, the ability to cross-sell has been limited."

Shares in Jaywing advanced 1.10% to 23p at 11:12 on Monday.

RD

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Jaywing Market Data

Currency UK Pounds
Share Price 3.10p
Change Today 0.000p
% Change 0.00 %
52 Week High 5.25
52 Week Low 3.10
Volume 20,000
Shares Issued 93.43m
Market Cap £2.90m

Jaywing Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
4.76% below the market average4.76% below the market average4.76% below the market average4.76% below the market average4.76% below the market average
4.55% below the sector average4.55% below the sector average4.55% below the sector average4.55% below the sector average4.55% below the sector average
Price Trend
70.63% below the market average70.63% below the market average70.63% below the market average70.63% below the market average70.63% below the market average
70.21% below the sector average70.21% below the sector average70.21% below the sector average70.21% below the sector average70.21% below the sector average
Income Not Available
Growth
54.93% below the market average54.93% below the market average54.93% below the market average54.93% below the market average54.93% below the market average
59.09% below the sector average59.09% below the sector average59.09% below the sector average59.09% below the sector average59.09% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Jaywing Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:17 10,000 @ 3.18p
14:59 10,000 @ 3.18p

Jaywing Key Personnel

CEO Andrew Robert Fryatt

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