Asset protection firm SureTrack Monitoring revealed that it proposed to raise £1.42 million in a placing and move its shares on to AIM. the rationale behind the moves is to continue to expand the business and to take advantage of the opportunities in both the UK and Europe. SureTrack added that it is encouraged by recent progress and that it is in active negotiations with a number of potential customers and that it is “very positive” regarding the prospects for the business in the medium term. the shares, which ended the week down by 0.05p at 0.8p, are expected to start trading on AIM on 3rd August.

Going the other way is Alexander Group, shares in which were delisted from PLUS six months after the firm failed to release its results for the year to 30th June 2009. In a statement in November last year the Greece based property developer said that it “anticipate(s) that (results) will be released within one month. The delay arises in finalising the consolidated audited accounts of the Group.” Alexander was only on the market for 19 months and we say good riddance to bad rubbish!

Technis International*, the technology development company, revealed the acquisition of 10% of BeCognitive Systems for £25,000 in new Technis shares. BCS is focused on security and compliance cloud based telephony applications and recently launched a suite cloud based conferencing services. BCS has also recruited its first two sales channel partners and plans to broaden its mobile application suite to encompass Blackberry devices. Technis shares ended the week flat at 1.75p.

Shares in affordable homes developer Trafalgar New Homes were suspended form the market at 1.5p pending clarification of the company’s financial position. Back in January the copmany announced that it continued to be reliant on funding from its Chairman Robert Mckendrick and was in negotiations with various creditors to persuade the parties to accept shares in lieu of cash. In additino, in March this year director Andrew Moore resigned from te board, with no explanation being given to the market.

Sprue Aegis, the manufacturer of the FireAngel brand of smoke safty productes, announced that John Gahan, Group Finance Director, has purchased 55,833 shares in the company at 34p each. he now owns 0.16% of the Coventry based firm. Sprue shares ended the week at 37.5p, having risen by 74% in the past 12 months.

Also buying shares in their company were the directors of health property investment firm AH Medical Properties. Stephen Minion, Deputy Chairman, purchased 100,000 shares at 30p each, taking his holding to 11.4%. he was joined by Chairman, John Gunn, who bought 25,000 shares at 30p each and his wife Renate Gunn, who bought the same anount as her spouse. AH Medical shares ended the week at 31p, up 0.5p, but trade at a 28% discount to adjyusted net assets as atr 30th April 2010.

Aquarius Media, the public relations and marketing business, revelaed that subsidiary, Full Portion Media had been put into administation. ceased trading. the firm has recently lost a number of its monthly retainers and efforts to replace these have so far not been successful. the copany said that it is unable to meet its liabilities without replacing this income and has accordingly sought the advice of an insolvency practitioner. The directors of Aquarius said they are currently considering all available options and expect to make a further announcement shortly. Acquarius shares, which have been trading on PLUS for less that three years, were unmoved at 0.175p.

In one of the largest placings on PLUS so far this year Keycom, the key worker focussed voice and internet provider, raised £1.9 million from investors at 2p per share. The proceeds will be used to provide additional working capital to invest in new projects. The shares closed the week flat at 1.75p.

*technis International is a corporate client of Rivington Street Holdings (RSH), the ultimate owner of UnQuoted-Analyst.