London’s AIM market has been squeezed today, tracking European counterparts lower and rejecting the lead set by the LSE main board. The All Share was trading just over three points lower at 3.30pm.
- Mercantile Ports +29%
- Totally +21%
- ITIM Group +16%
- CMO Group -68%
- Lunglife AI -22%
Mercantile Ports [LON:MPL] was up 29% off the back of a trading update this morning. There were a bunch of caveats in here but the news has been well received.
Totally LON:TLY was up 21% with the company announcing contract renewals this morning. These were valued at £30m and as management noted evidence the value which Totally can bring to both NHS and Ambulance trusts.
- Small Cap Stocks: Helix, Totally, Pipehawk, Scirocco, R&Q
- Three Quick Facts: BP, Totally, Frontier Developments
ITIM Group LON:ITIM was up 16% for the notable mention with a trading update. That showed meaningful progress in terms of revenues, and sees the company set to report full year profits of £175k against expectations of a £700k loss.
CMO Group LON:CMO was the biggest faller, off 68% as the company proposed the cancellation of its AIM listing. It’s not the first to take this route but the board believe the action is necessary to secure future funding,
Lunglife AI LON:LLAI was down 22%, again with the company seeing elevated levels of volatility as it moves towards delisting. Trade volumes were very thin.
