HPCwire: A Discount-To-Cash Punt For Dragons' Den

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May 07, 2008

A Discount-To-Cash Punt For Dragons' Den

Maynard Paton

Clearspeed Technology (LSE: CSD) caught my attention the other day. The AIM-quoted share slumped 30% after it announced its non-exec chairman, Richard Farleigh of Dragons' Den fame, had spent £50,000 to increase his stake in the group to 14%. Normally such an investment from such an investor would be seen as good news for shareholders. But Farleigh was buying at 10p per share versus a closing price the day before the announcement of 27p. Clearspeed's price is now 19p, giving it a market cap of £12m.

Full story at Fool.co.uk

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