news article 31.01.2006
The Austrian company AvW Invest AG has acquired a four per cent interest in the
Bavarian IT systems company Cancom (COKG.DE), at a cost of around one million
euros. The Cancom Group is valued at only eleven per cent of the 2006 profits,
the price to book ratio is 1.1 and the 2006 price to sales ratio is 0.1.
AvW Invest AG now has a further significant interest in the IT sector, alongside
its holding in the Austrian IT company S&T.
AvW Invest AG has also just acquired a 1.5 per cent interest in the Australian
silver mine Macmin (MMN.AX), which has developed from a purely exploration
company to a production company in the first quarter of 2006. The silver mine
in South Queensland is about to become operational. The Macmin silver mine is
also one of the few silver mines in the world that produces pure silver (so
called "silver powder"). A total of around one million Australian dollars was
spent on this investment.
MMN
macmin silver ltd
