Shares digital

A £10 million placing priced at 10p is the latest step in Plasmon’s (PLM) attempts to break a long-running sequence of annual losses. New chief executive Stephen Murphy, who was appointed in November last year, will use the cash to fund a major new growth strategy for the optical storage expert, which has yet to fully capitalise upon the potential of the second generation of its blue laser Ultra Dense Optical (UDO) technology. Plasmon’s shares held firm at 11.5p – their all-time low.

Shares says: Has potential but also so much to prove. RM