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AIM round-up: Biome Technologies, Music Magpie, Malvern


That softer than expected US inflation data served to boost sentiment across equity markets as it without doubt paves the way for a more dovish approach from the Fed. As a result, despite a weak start, London’s AIM index lurched higher off the back of the news and reached the close up by more than 15 points at 841.57.

  • Biome Technologies +56%
  • Music Magpie +25%
  • Malvern +24%
  • Applied Grapheme  -20%
  • Alba Minerals  -19%

Biome Technologies LON:BIOM topped the board, adding 56% on the day following a trading update. Numbers are broadly as expected but there are hints over an uptick in dealflow for the new year and this seems to be bolstering support.

Music Magpie LON:MMAG advanced another 25% today off the back of another TR-1 form showing further stake building from Schroders. Nothing more to say but heavyweight investor confidence clearly counts for something…

Malvern LON:MLVN gets the notable mention, up 24% on the day. The company completed a placing today which ran at a very modest discount and the proceeds will square away liabilities on outstanding loan notes.

Applied Grapheme LON:AGM was at the foot of the board, down some 20% at the close. There’s no fresh news here but investors clearly remain nervous given the funding situation and shares are now down by around two thirds over the last week.

Alba Minerals LON:ALBA dipped 19% off the back of share placing news. That took the underlying down to the new issuance price, with the funs intended to be used to accelerate value-enhancing activities across the company.

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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