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Winchester stock rises after Helkon buys into company

Winchester Entertainment's stock rose a hefty 44% yesterday after Simon Franks and Zygi Kamasa's UK distributor Helkon SK bought 3.67% of the media company.Winchester chief executive and founder Gary Smith played down speculation that Helkon might bid for the company, saying that the share purchase had acted as a catalyst for the market to realise that Winchester was undervalued."I personally own about four times as much as they do," Smith said. "I can't see them making ...

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