London’s AIM Index has had an uneventful start to the week, tracking sideways in a narrow range to finish the day less than a point lower at 837.93
- Real Good Food +100%
- Parsley Box +48%
- Catalyst Media +21%
- Genedrive -22%
- Asimilar -13%
Real Food Group LON:RGD topped the board today, sitting 100% higher at the closing bell. The company this morning advised the market that it had secured an additional £2.5m which was seen as being instrumental in executing a turn around plan. This rally recovers the losses which were accrued over the last couple of months.
Parsley Box LON:MEAL is back on our list, adding 61% by the close. The company issued a note on Friday confirming that it planned to delist and adding that a company in which the founder is a majority shareholder would continue buying up stock until the 29.99% level is reached. Volumes were significantly elevated as a result.
Catalyst Media LON:CMX gets the notable mention, up 21%. The company issued an update on its investment in Sports Information Services (SIS) in which it owns just over 20%. SIS has advised that it will pay out £4.4m in dividend with Catalyst receiving a proportionate share here. Trade was thin but this adds to the gains posted ahead of the weekend break.
Genedrive LON:GDR was the day’s worst performer, off 22% by the bell. Final results were published this morning, showing revenues contracting and cash burn only giving the company another 12 months runway, unless sales can accelerate quickly.
Asimilar LON:ASLR was in second to last place, although losses were a modest 13%. The stock posted significant gains last week with no formal news in play and today’s reversal again appears to be unfounded. Opportunistic profit taking in the company would be a logical conclusion here.