Destra cites increasing broker and analyst interest 15:58, Friday, 3 February 2006
Sydney - Friday - February 3: (RWE Australian Business News) - Destra Corporation Ltd (ASX code: DES) today replied to a stock exchange query over a rise in its shares from 14.5c at the close yesterday to as high as 30c today, together with an increase in trading volumes. Destra said there were several factors that might explain the increased interest in its shares: * the acquisition of the profitable Rajon music and video group announced on December 22; * the expansion of the Destra Music online catalogue to more than 1.3 million tracks, announced on January 11; * the Destra and 3mobile launch of Australia's first mobile subscription-based digital music download service, announced January 18; * the announcement of continued improved financial performance in the second-quarter unaudited Appendix 4C Commitments Report, announced on January 31. "We are also aware of increasing broker and analyst interest in the company, including a buy recommendation placed by Invest4profit.com this morning," chief financial officer Mr Richard Wingrove said. "Invest4profit.com advised its clients to pay up to 22c." ENDS
DES Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
