The AIM index’s brief foray back above the 900 mark came to an end during Tuesday’s trade after sentiment across the Atlantic took a nose-dive. Earnings news from the US is looking somewhat disappointing and this is taking a toll, with the junior market reaching the bell around three points lower at 899.15.
- Dotdigital +28%
- Kinovo +42%
- Tintra +15%
- Real Good Food -15%
- Limitless Earth -14%
Kinovo LON:KINO had the best of the market today, up 42% by the bell. However the stock saw only limited trade going through in the latter part of the session and there’s no news here.
Dotdigital LON:DOTD was the second biggest riser, up 28% by the bell. This morning’s full year trading update saw revenues come in at the top end of guidance offered at the interims. There’s some caution over macroeconomic factors, but the company enters the new financial year with an optimistic outlook that market trends are developing in its favour. This in turn should deliver strong sales and profitability growth in the future.
Tintra [LON:TNT} gets the notable mention, having added 15% by the bell. We flagged the stock for having made meaningful progress last week, seemingly off the back of speculation that news was imminent. That hasn’t arrived yet, but the company continues to find support although the spread accounts for most of the upside.
Real Good Food LON:RGD was the biggest faller, off 15% at 4.30pm. Again, however volumes appear to have been very thin, with the weight all coming from selling pressure.
Limitless Earth LON:LME only just crept into the penultimate spot, off 14% at the bell. Full year results were published this morning, noting that the asset base has fallen by almost a quarter, whilst admin expenses have increased more than five-fold. There’s less than £100k in cash but the company add that they have adequate resources to continue for the foreseeable future.
