At 330pm on Tuesday, London’s AIM index has again been trading sideways in a very tight channel, sitting less than one point lower at 836.99
- Parsley Box +25%
- EQTEC +20%
- Altitude Group +20%
- Osirium Technologies -34%
- Clean Power Hydrogen -19%
Parsley Box LON:MEAL added a further 25% by 330pm today ahead of their expected delisting as a key shareholder continued to buy up stock in the company. There’s really little to see here but there’s evident enthusiasm over where the stock may reside once it leaves the traditional public market sphere.
EQTEC LON:EQT added 20%, helped along by an upbeat project update and news of new investment that evidently serves to preserve shareholder value.
Altitude Group LON:ALT added 20% off the back of its trading update, which included news that the board now expects FY23 numbers to be materially ahead of previous forecasts, including record year-end results. Further revenue and EBITDA growth is expected to follow next year.
Osirium LON:OSI was the worst performer, off 34% in the wake of proposed placing news as the cybersecurity vendor seeks to bolster its balance sheet. Management notes that significant headway has been made against strategic objectives, bookings for the first nine months are ahead of any full year figure ever recorded and the shares still trade at a premium to the new issue price.
Clean Power Hydrogen LON:CPH2 dipped 19% by 330pm following an operational update. Delays and further potential issues are highlighted, including the cancellation of an order by a customer who will shift to another solutions provider at its first site.
