PLAYS OF THE WEEK UPDATE: MAMA Group (MAMA:AIM)

MAMA

Published date:
Thursday, January 24, 2008

MAMA Group (MAMA:AIM) 5.62p

Tipped at 5.75p on 11 October 2007, the shares were dangerously close to stopping out as a lack of major news left the stock drifting. Fortunately, a solid set of full-year numbers gave Mama a breath of fresh air on Monday – one of the few to buck the biggest market sell-off since 9/11. The share price rose 18.4% to 5.62p, nearly making up for the entire lost ground. With the management predicting even stronger financial results this year, hang on to the shares.

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