Just2Clicks, the business to business trading platform provider, said yesterday that it was considering acquisitions and spin-offs to boost its flagging share price.

Chief executive Karl Watkins said it remained interested in acquiring Global Internet Billing, which it almost bought for £350m in April.

"If they agreed a £200m all-share offer we'd do a deal tomorrow," he said. It is understood that GIB shareholders would look for a higher offer.

A separate listing for e-procurement unit Tradezone, bought for £6m in March, was being considered. "When you consider our entire market capitalisation is about £100m, and a US company almost identical to Tradezone was valued at $1.7bn less than a month ago, then there must be better ways of realising the value in it," he said.

Just2Clicks operates at the "mucky" end of net commerce including a system for the power, cement, pulp and paper and cargo sectors.

In the nine weeks to March 31, Just2Clicks recorded revenues of £340,000 and a £1.94m loss. But, Mr Watkins said, the figures were distorted by exceptional costs of £134,000 and amortisation of £1.65m.

"Our cash burn is very low. As of the end of May we had £48.5m in the bank so we only spent £1.5m since we raised £50 at the float in February."

Mr Watkins admitted disappointment that the share price has more than halved from the post-flotation high of 240p in February. Last night the shares were unchanged at 103p.