In what has been a distinctly mixed day for stocks globally, the AIM All Share has managed to tack on another few points, closing the session up three at 668.97.
- Deltic Energy +20%
- Gear4music +17%
- Mercia Asset Management +16%
- Jade Road -26%
- Jarvis Securities -25%
Deltic Energy LON:DELT topped the board adding a further 20%, extending the rally that started off yesterday following that upgrade of gas reserves.
- AIM Market Roundup: Caledonian Holdings, Deltic Energy, Kooth
- AIM Market Roundup: GCM Resources, Deltic Energy, Solid State
Gear4music LON:G4M was 17% higher having posted news this morning of an asset purchase and trading update. Critically the company has bought inventory worth £1.8m for just £0.6m from the administrators of a former competitor. The company also notes a recent improvement in trading performance.
- Gear4Music delivers mixed results as it re-tunes strategy
- Gear4Music slashes debt and swings to profit
Mercia Asset Management LON:MERC was trading 16% higher again supported by a trading update. Increased scale is noted as aiding the financial performance and the company now expects full year EBITDA to be materially ahead of current market expectations.
Jade Road LON:JADE was the biggest faller, down 26% but trade was thin and the move reverses some of the significant gains posted at the end of last week following the company’s AGM.
- AIM Market Roundup: Distil, Strip Tinning, Quadrise
- Small Cap Stocks: Chariot O&G, Sancus Lending, Jade Road
Jarvis Securities LON:JIM also struggled, shedding a further 25% as investors continue to digest the news that the company had sold its brokerage division and could now be looking at winding down operations.
