ALA - an intelligent response to speeding ticket:-
Over the last 6 months there has been a substantial increase in investor demand for tech stocks worldwide. AppLabs Technologies Ltd (ALA) notes that the NASDAQ is at 10 year highs and intense media coverage of recent tech stocks including Twitter, Snapchat and Freelancer have fuelled intense interest in the tech space.
ALA also notes that there as been positive recent announcements by competing digital real estate service providers and given ALA’s 80% interest in it’s soon to be released digital real estate portal “Home Open” this may also be increasing interest in the stock.
As released on the 16th of December to the ASX, ALA continues to evaluate opportunities that the board of directors believes will add significant shareholder value
and as such, will update the market when such acquisitions are made.
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