Feeds

InterX share price goes through roof

From £2.50 in November to £13 today, blimey

  • alert
  • submit to reddit

Top three mobile application threats

There's no stopping those Internet investors once they get an idea into their heads. But InterX doesn't seem to be doing too badly out of it. Since we all got into work this morning, the company's share price has jumped over £1.20 to £13.87. This is more than a £3 hike in a week. The share price increase stems back to 29 November, when the company announced plans to spin off Ideal Hardware -- the distribution part of the business -- and stick to cybertrade. The dot.com stock marketeers wasted no time, and the company waved goodbye to its £2.50 share price. Today InterX was forced to issue a statement to the stock exchange over the price rise – but merely re-iterated its strategy from November. "The Board continues to progress the implementation of this strategy and will make further announcements when appropriate," it said. According to James Wickes, InterX CEO, it takes "time for the word to get round. We are still on course for the split, but we are no nearer towards it." Wickes said the share price now valued the company at £280 million, compared to £60 million in November. In his words: "We are very, very pleased". ®

3 Big data security analytics techniques

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.