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Exclusive: Bob Morton backs Enables IT (formerly Nexus) in £900,000 fundraise – aquisition imminent

By Tom Winnifrith | Wednesday 26 June 2013

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

A reliable market source tells me that legendary small cap investor Bob Morton has invested a material (if non disclosable) sum in a £900,000 fund-raising by Enables IT (EIT), the software business formerly known as Nexus. I understand that the funding will be at 36p and is due to be announced by the weekend.

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