News of rate hikes from both sides of the Atlantic in the last 24 hours has served to rattle sentiment on London’s junior market with the AIM Index breaking below 900 to sit down 23 at 894.47 by the bell.
- Best of the Best +21%
- European Metals +15%
- Tintra +14%
- IG Design -18%
- Sensyne Health -17%
Best of the Best [LON:BOTB] found itself in pole position today, up 21% at the close. The company reported full year numbers this morning, showing c. 100% growth in revenues from pre-pandemic levels, slightly ahead of forecasts given with the interims. Profits are up over the same period, but down notably from last year as a result of operational leverage. The dividend has also been upped 20%.
European Metals [LON:EMH] advanced 15% off the back of news that Australia’s United Super had taken a 5.44% holding in the company. Shares have taken a drubbing over the last week, but active buying interest today has helped provide some renewed support.
Tintra [LON:TNT] added 14% on the day securing a notable mention off the back of news that it had applied for a patent for its verification and authentication process of independent digital wallets, particularly, the linking of regulated and unregulated digital wallets when there is established common ownership. Despite the fall out in crypto markets right now, this news was well received by the market, although the share price has been struggling to make headway of late.
IG Design Group [LON:IGR] is at the foot of the table, sitting some 18% lower at the bell. There’s nothing to explain the move here but trade looks to have been lumpy and this reverses around half of the gains seen since the company announced changes to its banking agreements last week.
Sensyne Health [LON:SENS] slipped 17% on the day. The stock is in the process of being delisted however so volumes were low and the move is within the quoted closing spread.
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