Tariff jitters appear to be rocking London’s junior market despite the main board putting in a more robust performance, but there’s no doubt the trend as we move into the summer remains sideways – at least for now. Approaching 4pm and the AIM All Share is trading down just over three points at 772.28.
- Premier African +44%
- Conroy Gold +43%
- Shearwater +32%
- Finseta -23%
- TAP Global -11%
Premier African LON:PREM was leading the board at our slightly early copy time, up 44%. There’s no news out today but at the start of the week, the company issued an update on the status of a lithium plant, which had come back online and there’s no shortage of speculation driving elevated transaction numbers on the stock.
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Conroy Gold LON:CGNR was 43% ahead, extending the recent run of gains. The company announced a revised gold target last Wednesday which provided some cheer and that was bolstered with another update yesterday. Gains over the last week are now in excess of 100%.
Shearwater LON:SWG was 32% ahead to take the notable mention, having released a full year trading update this morning. This actually covers a 15 month period but critically puts the business ahead of market expectations, driven by contract wins and renewals.
Finseta [LON:FIN] was sitting 23% lower as we approached the bell, with a half year trading update talking up the situation, but did investors end up focusing on the point that macro uncertainty had seen customers delaying transactions? Management are stating they anticipate a strong second half and as such delivering full year numbers in line with expectations.
TAP Global [LON:TAP] was 11% lower, but even that modest loss was sufficient to leave the company as the second worst performer on the day. Volumes were thin in the company which only came to the market a couple of weeks back and the move was inside the quoted spread. The absence of news from the business could be a driver here, too.
