The AIM All Share clattered lower on Tuesday as many markets across the globe reacted to news of US tariffs, heaping a fresh layer of uncertainty into the mix. The index was trading down by almost ten points at our early 2.30pm copy time.
- ADM Energy +36%
- Westminster Group +27%
- Great Western Mining +11%
- Savannah Energy -64%
- Team Internet Group -43%
ADM Energy LON:ADME was again top of the board, taking gains since yesterday morning well into triple digits in percentage terms. There’s still a hulking wide spread here but interest is meaningful and a TR-1 reportable stake form was also published this morning.
- AIM Market Roundup: Strategic Minerals, Galileo Resources, Light Science
- AIM Market Roundup: ADM Energy, Panthera, Quartix
Security provider Westminster Group LON:WSG was in second place, up 27% after announcing a 15 year contract award for four airports in Gabon. The deal is expected to generate $5.5m revenues in year 1 whilst management also announced the completion of a placing at a premium, bolstering the valuation further.
Great Western Mining LON:GWMO was 11% higher on the day. Shares fell back on Monday but these moves are still within the quoted spread. Earlier in the session there was a modest scaling back of a reportable position.
- AIM Market Roundup: ADM Energy, Panthera, Quartix
- AIM Market Roundup: Petrel Resources, EnergyPathways
Savannah Energy LON:SAVE was 64% lower at copy time, following the stock’s reinstatement onto the market after a lengthy suspension of more than two years ahead of a reverse takeover that didn’t happen. The company also announced a funding round had been completed at 7p, so the fact that the stock is trading at a modest premium to this might be worthy of note!
Team Internet Group [LON:TIG] was the second biggest faller, off 43%. That has come off the back of news that a proposed takeover of the company has collapsed.
