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AIM round-up: Falcon Oil & Gas, Wandisco, SRT Marine Systems


The AIM index managed to recover those early losses but at the close was sitting just a fraction higher, up by 0.15 points at 855.47.

  • Falcon Oil & Gas +24%
  • Wandisco +21%
  • SRT Marine Systems +12%
  • Enteq Technologies -36%
  • Eve Sleep -24%

Falcon Oil & Gas [LON:FOG] was the day’s biggest gainer, advancing 24% by the bell. The market still seems to be pricing in news released at the start of the week and today’s upside recovers the earlier losses with some investors seemingly sensing a buying opportunity.

Wandisco LON:WAND found itself in second place at the bell, up some 21%. This morning the company provided a record contract and outlook update, building on momentum from earlier in the year and clearly galvanising the support of investors along the way.

The notable mention goes to SRT Marine Systems LON:SRT which added 12% in a day of elevated trade. The company issued an AGM update this morning which highlighted an exceptionally busy first half of the year, including progress on a number of new systems contracts which it hopes to convert soon. Shares do however remain well down on the year.

Enteq Technologies LON:NTQ was at the foot of the board, off some 36% in the wake of its pre-AGM trading statement. It’s a sharp sell-off for the company which is involved in the measurement whilst drilling space of oil exploration and disrupts a stable run for the company’s share price, with perhaps the reference to “cash management” offering some cause for concern.

Eve Sleep LON:EVE also struggled as the markets continued to digest the latest update from the company which highlighted lacklustre sales, a worsening consumer environment and challenges in terms of looking for a wholesale buyer of the business. Shares reached the close, down 24%.

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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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