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.
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