skip to Main Content
Get your free newsletter: Actionable insight each morning for self-directed investors. 
Home » UK Shares » AIM Risers and Fallers » AIM round-up: Xeros Technology, Katoro Gold, Bango

London’s AIM Index reached the bell modestly lower, shedding almost seven points to trade at 886.91.

  • Xeros Technology +23%
  • Katoro Gold +18%
  • Bango +11%
  • Naked Wines -43%
  • Tandem Group -21%

Xeros Technology [LON:XSG] was the day’s biggest riser up 23% at 4.30pm. After a quiet morning, shares lurched higher around 1pm although there’s no news out to explain the move, which also happened in comparatively thin trade. This takes the price back to levels seen after the licensing agreement was announced 10 days ago and there wasn’t much of a response to yesterday’s results, either

Katoro Gold [LON:KAT] advanced 18%, but again this is a minnow of a stock and the spread accounts for most of the upside. Not much to see here.

Bango [LON:BGO] gets the notable mention, up 11% in the wake of news it had signed a deal with a global tech leader. They will use the Bango Platform to provide carrier billing and bundling services for its app store payments and subscription services. The deal shouldn’t impact FY22 forecasts but the board have committed to keeping FY23 projections under review.

Naked Wines [LON:WINE] took a pummelling this morning after publishing results. Shares slipped 43% as a result, despite the company managing to post renewed growth post-pandemic. Yes the pace has slowed, but retention seems to be the most important point here. Will bargain hunters now want to move in?

Tandem Group [LON:TND] also struggled, taking a back seat and sitting 21% lower at the close. An AGM statement this morning highlighted a challenging outlook but hints that that e-bike and e-scooter popularity may provide a platform for future growth.

Related

This article is not investment advice. Investors should do their own research or consult a professional advisor.

Tony Cross

Tony Cross

Tony Cross is a market commentator with over 15 years of experience, producing compelling, insightful copy for journalists and investors alike. Focusing on macroeconomics, UK blue chip equities and inter market analysis, Cross's commentary is well regarded for its clarity and ability to cut through the waffle. He has been quoted in publications as diverse as The Financial Times, The Times, The Guardian and The Sun. He has also been a regular guest on both Share Radio and TipTV.

Stocks in Focus

Here are some of the smaller companies we follow most closely. They represent significant growth stories in our view. Our in-depth reports detail why we like them.

Comments

Subscribe for more stories like this, 8am weekdays - for free!


Get your free daily newsletter: 

Thanks to our Partners

Our partners are established, regulated businesses and we are grateful for their support.

Pepperstone
FP Markets
IG
Spreadex
WisdomTree
ActivTrades
Back To Top