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London’s AIM index lost ground in line with other markets today, as investors eye the Federal Reserve’s monetary policy update. At 4.30pm the junior market was off just over seven points at 1199.79.

  • B90 Holdings +145%
  • Tern +43%
  • Tlou Energy -22%
  • Tiger Royalties -17%
  • Notable mention ITM Power -8%

Isle of Man based sportsbook operator B90 Holdings [LON:B90] saw its shares surge on Wednesday, adding 145% by the close as trading in the stock resumed following a one year hiatus. Trading was facilitated in the wake of a successful capital raise having been confirmed along with the publication of 2019 results, but with the stock having been around the £8 mark just over a year ago – and above £80 in 2018 – bargain hunters have been quick to pounce.

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VC play Tern [LON:TERN] was 43% ahead at the bell and although there’s no firm news out, Internet chatter surrounding bid speculation is swirling. One to watch.

Tlou Energy [LON:TLOU] was the day’s biggest faller, off 22% by the close following news of a discounted placing this morning. That does however provide some instrumental access to capital to progress with the power distribution project. Investors are being tested here, but over the medium term, the stock is looking at least resilient – if not exactly flying away.

Tiger Royalties [LON:TIR] is back on our radar, this time off 17% at the bell. However, this is just within the quoted spread and trade was again rather limited. Nothing to see here and the stock is now back around the levels we saw traded for most of last month.

A notable mention for ITM Power [LON:ITM], whose shares tumbled another 8% during the day’s session. There’s no news behind the move and indeed a bullish assessment in The Times failed to deliver any support, either. With the shares now more than 40% off the highs from earlier in the year, it’s certainly been a bruising ride, but if the world is following a decarbonisation agenda then the long term outlook for green hydrogen has to remain positive.

Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand 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.

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