Some very modest losses again for the AIM All Share on Thursday, with the index closing down just over one point at 735.81. That’s a meaningful outperformance when compared to the senior market and certainly sets aside – at least for now – concerns over this cohort of investors flipping back to a risk-off mindset.
- Ironveld +49%
- Norman Broadbent +37%
- The Works +25%
- Ascent Resources -38%
- Empyrean Energy -20%
Ironveld LON:IRON was the biggest riser on the day, up 49%. An operational update filed this morning highlighted several key points of progress and noted that the company was moving into a revenue generation phase. Further updates have been promised.
Norman Broadbent LON:NBB was 37% higher following a trading update ahead of today’s AGM. The Q2 performance so far was noted as being materially ahead of the comparative, with moves by the recruiter into the Middle East market also attracting attention.
The Works LON:WRKS was 25% up following its full year trading update. This noted market outperformance and the board believe the positive momentum that has been building since the start of the year will continue. Combined with a number of other strategies, this should mitigate cost headwinds and the FY profit outlook is being upgraded.
Ascent Resources LON:AST was the biggest faller, down 38% on the day. There’s a fairly complex corporate action having been made to fund an acquisition, both with new equity and by undertaking a discounted fundraise.
Empyrean Energy LON:EME was 20% lower. There’s no news here but orders have been lumpy and the closing spread was quoted at 12%. Are there more disappointing drill updates on the way?
