Another upbeat day for London’s junior market, saw the AIM Index outperforming the FTSE-100 and by 3.30pm sitting almost eight points ahead at 795.37
- Finncap Group +31%
- Baron Oil +22%
- Shanta Gold +22%
- Craven House -31%
- LBG Media -22%
FinnCap LON:FCAP found itself at the top of the board today following the confirmation that it had received non-binding proposals from Panmure Gordon regarding a possible combination of the two companies. Shares sat 31% higher at 3.30pm as a result.
Baron Oil LON:BOIL added 22% by copy time, in the wake of news that an operating subsidiary had been awarded a six month extension to a license in Timor-Leste. The company has suggested that an update on the seismic data being generated will be available before the month end.
Shanta Gold LON:SHG gets the notable mention, also up 22% at 3.30pm. This morning the company confirmed that offers had been made for a wholesale acquisition although this comes with the usual caveats of no guarantee as to what may – or may not – happen next.
Minnow Craven House LON:CRV found itself at the foot of the board today, although given the spread and lack of trade, there’s really nothing to say here beyond this being a technical market move. At 3.30pm the share was down 31%
And in penultimate place was LBG Media LON:LBG, likely better known for the “Lad Bible” social media postings. The stock has now lost 75% since its IPO at the end of last year, although there’s no news out to directly justify the fall. There is however cash in the bank and modest growth in revenues are now being seen.
