Not much to report regarding my holdings this morning, although I note that some profit taking has taken place in Audioboom in the last two trading days. This was to be expected with no news from the company, and it's a healthy pull back. Nothing goes up in a straight line.

Having said that, note what's happened with a company called Plethora Solutions today. The share price has risen by well over 100% this morning. As far as I can make out the offer is around 12.5p. The shares stood at 2.75p yesterday. Plethora, whilst making good progress in their field, are yet to make any meaningful revenues and they carry net liabilities. The offer values the company at around £123m. Clearly, the acquirer sees huge potential here. Well done if you're a shareholder that has picked these up at recent lows.

Why do I mention Plethora? Well, they are an example of how a knock-out take-over offer can suddenly appear out of the blue. Nothing wrong with taking profits, but watch this space on Audioboom. I'm certainly holding tight.