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AIM round-up: Zanaga Iron Ore, PCF Group, Harland & Wolff


London’s AIM Index has started the week on a somewhat muted note, shedding a little over four points by the bell. Neither modest GBP weakness nor an upbeat session for the senior market have helped, reaching the closing bell at 850.73.

  • Zanaga Iron Ore +32%
  • PCF Group +21%
  • Harland & Wolff +18%
  • Tremor International -24%
  • Vela Technologies -20%

Zanaga Iron Ore LON:ZIOC surged higher today, adding 32% by the close. However trade in the £11m company was thin and with the spread sitting around 17% this underlined the lack of liquidity. There’s no news but with Kenya now stepping up efforts to try and end the war in the DR of Congo, this may be bolstering  support.

PCF Group LON:PCF added 21% by the bell. There’s no news here following last week’s decision to wind down the loan book and the spread sat at some 40% at the close, so with limited trade there’s nothing really to see here.

Harland and Wolff LON:HARL gets the notable mention, up 18% and continuing that run of gains which have been in play since late October. No firm news however, and whilst this week’s spending statement from the government isn’t expected to be exactly throwing money around, could some of the finessing be on course to help H&W?

Tremor International LON:TRMR slipped 24% by the bell, landing itself at the foot of the board at 4.30pm. This morning the company reported results for the first nine months of the year which appear at first glance to be dressing up the numbers in a manner which overly accentuates the positives.

Vela Technologies LON:VELA is back on our list, down 20% today making for the second biggest faller. Gains from last week’s fairly complicated news regarding part ownership of an asset continue to unwind. The accompanying note didn’t offer much clarity as to just how much Vela’s shareholders may realise from the disposal and this now seems to be weighing.

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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