In early afternoon trade, the AIM Index was sitting five points higher, having shaken off Wednesday’s malaise and resumed its up-trend for the year. Much of this seems conditional on risk sentiment across the pond but for now that’s intact and at 2pm the junior market stood at 866.20, representing fresh highs for the year to date.
- Fulcrum Utilities +118%
- Inspecs Group +38%
- Diaceutics +22%
- Cap-xx -29%
- Morses Club -16%
Fulcrum Utilities LON:FCRM stood at the top of the pack by 2pm, having added 118%. There’s no news out but the £6m stock has been under pressure since the CLN announcement in early December. It’s also been a very busy day of trade for the stock and although the spread is a little wide at 13%, given the overall upward momentum, is there movement coming?
Inspecs Group LON:SPEC found itself in second place, up 38% at copy time. This morning’s full year trading update has received a warm reception from investors, with the stock finally recovering some of the losses from October’s update. Full year trading is expected be in line with revised forecasts and operational efficiencies should deliver further gains in the year ahead.
Diaceutics LON:DXRX gets the notable mention, up 22% with a trading statement, strategy update and news of a $7m enterprise agreement for data services all combining to lend support for the stock. The note included detail that revenues had increased significantly faster than had been expected.
Cap-xx LON:CPX was the laggard at 2pm, off some 29%. Again a trading and operational update dominated here, having reported a 40% fall in product sales. Full year revenues are now expected to come in well below forecasts, but despite the challenges of H1, management are expecting to see a normalisation in H2.
- Three Quick Facts: Boohoo, DS Smith and CAP-XX
- Small Cap Stocks: Microsalt, Proton Motor Power, Eckoh
- Small Cap Stocks: Emmerson, CAP-XX, YouGov
Morses Club LON:MCL was 16% lower at the time of writing, but there’s no more news here. The stock is eyeing that delisting next month, volumes are being eroded now and the move was less than half the quoted spread.
