The AIM Index put in a sold session, adding almost 10 points by the closing bell to finish at 1244.28, closing in on levels not seen in 15 years.
- Bion up 40%
- Live Company up 25%
- Hornby up 13%
- APQ Global down 23%
- Arkle Resources down 20%
Bion LON:BION jumped to the top of the board, reaching the close some 40% higher, with investor sentiment fuelled by a trading update. The note covered a number of operational updates but the key point was that revenues for the full year are expected to be more than 310% higher than the figure posted in 2019. That’s still subject to audit but suggests the company is firmly on a growth trajectory.
Live Company LON:LVCG added 25% on Tuesday and although there was nothing behind the move, the consideration of an operational update released on Monday may have held some influence here. Although the company warned of widening losses, there was a strong pattern of income being deferred rather than cancelled outright. Given the stock is trading at such a discount, clearly some are happy to look for the upside in this. Assuming the path back to normality continues, the company may have navigated the most challenging part already.
APQ Global LON:APQ was the biggest faller at 4.30pm, off 23% although it seems there’s nothing behind the move other than market makers shifting the price. No transactions were recorded and the fall remains within the closing spread which was quoted at 25%.
Shares in Arkle Resources LON:ARK jumped higher yesterday but gains proved short lived, with a note from the company ahead of the opening bell pouring cold water on speculation of a reverse takeover. Shares slipped 20%, reversing most, but not quite all, of the uptick.
A notable mention for Hornby LON:HRN with investors reading today’s brief trading update as having the company on the right track. Sales for Q4 were ahead of budget which is perhaps especially encouraging give the widely reported Brexit disruption faced by the business. The cash position is around 13% lower than it was a year ago, but despite ongoing uncertainty caused by COVID, those robust revenue figures do seem to mean it’s a case of full steam ahead.
