London’s AIM Index managed to recover some of the week’s earlier losses, adding more than five points on Wednesday to close at 884.28.
- 7Digital +108%
- Adept Technology +65%
- URU Metals +33%
- Tinybuild -19%
- Sosandar -15% LON:SOS
7Digital LON:7DIG soared 108% on the day following an announcement this afternoon that Songtradr had made a cash offer for the business. The uptick sits just below the premium offered from last night’s close, and values the company at £19.4m.
Adept Technology LON:ADT added 65%, again with acquisition news doing the rounds. Wavenet Group has tabled an offer of 201p per share, valuing the company at £50.3m and the offer has been recommended by directors.
URU Metals LON:URU sat 33% higher at the bell, gaining the notable mention tag. The share price has been rather turbulent over the last week since its listing was restored but an update from a portfolio holding yesterday seems to be driving fresh interest. The spread is however very wide…
- AIM Market Roundup: URU Metals, Eco Building, ActiveOps
- AIM Market Roundup: Uru Metals, Strategic Minerals, Pulsar Helium
- AIM Market Roundup: HSS Hire, Aptamer, EQTEC
Computer games company Tinybuild LON:TBLD was the day’s worst performer, although losses were a relatively modest 19%. The stock has been struggling since late last year and a trading update in January did little to allay concerns. Volumes were noticeably elevated but there’s no other news – one to watch?
Sosandar LON:SOS slipped 15% off the back of placing news. The offer was oversubscribed and will allow the company to accelerate the execution of its omni-channel strategy. The pull back may look a little overdone but the stock has had a strong run in recent weeks.
