Monday's future remains unsure

Helen Barrett

The future of online charities lottery monday remains precarious, despite a small boost for its campaign to attract investors in operating company Chariot to secure the future of the business.

There was some good news for the company at the end of October, when 14 per cent of its shares were bought by Astinway Limited at 1p each.

But Chariot had already warned its shareholders last month that it might have to call in the administrators, after ticket sales fell below the break-even point and attempts to find a buyer for the company had proved fruitless.

"It is certainly good news that there is continued interest in monday, and there has been continued share activity since that interest," said Stuart Handley, communications director at Chariot.

However, the AIM-listed company's share price fell to 0.48p this week.

Monday launched in May with an £8m ad campaign and a promise to donate 30p per £1 ticket sold to its 70 charity partners.

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