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AIM round-up: Borders and Southern Petroleum, Best of the Best, Falanx Group


London’s AIM Index is on for a rare down day on Thursday, having shed almost four points to close at 1181.84. That makes for only the second day of losses since December 21st, some 15 sessions back.

  • Borders & Southern Petroleum up 56%
  • Best of the Best up 48%
  • Conroy Gold and Natural Resources down 19%
  • Blue Prism down 19%
  • Falanx Group up 21%

Borders and Southern Petroleum [LON:BOR] charged higher today, adding 56% by the close but trade in the £6m company was exceptionally thin. This also had the effect of driving spreads out to 20% by the end of the day and there’s no news behind the move, either. All seems a bit speculative for now.

Best of the Best [LON:BOTB] had half year numbers out this morning which helped lift the stock some 48% higher. The company had been transitioning away from a physical delivery model to online and COVID has ensured that pivot has now been completed. Revenue for the first half has trebled from last year’s position, whilst profits are up almost five-fold. Shareholders are being rewarded with a 40p special dividend and management have declared that full year profits will materially exceed previous expectations.

A notable mention for Falanx Group [LON:FLX], who picked up a 50% share price rise on Wednesday. The stock drifted a further 21% higher today, with buying support continuing to emerge. The potential scale of the tie up with Microsoft arguably warranted a more impressive price reaction. Question now is could there be more to come?

Conroy Gold [LON:CGNR] is the day’s biggest faller, off by 19%. Volumes were brisk but there’s not much behind the move, aside from a reference in Anglo Asian Mining’s Q4 update which was published this morning. However even the tone of that didn’t seem too pressured, although reasonably strong gains in recent weeks have perhaps left the stock vulnerable to some profit taking.

Blue Prism [LON:PRSM] was another notable casualty, losing just under 19% on Thursday following the release of full year results. Today’s slide at one point had wiped out the last three months’ worth of gains, although the stock has already rebounded from session lows. Trading volumes were elevated, although not exactly off the charts, so one to watch. It may have been a case of PDMR sell orders going through after the results, but long term investors will likely be encouraged by the quick rebound.

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This article does not constitute investment advice. Do your own research or consult a professional advisor.

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