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It was another lacklustre day for the AIM Index, spending the session in negative territory although losses were slim, reaching the bell less than six points lower at 1252.05

  • Cloudcoco +16%
  • Sareum Holdings +14%
  • Clinigen Group -26%
  • Plutus Power -24%
  • Remote Monitored Systems -20%

IT solutions provider Cloudcoco [LON:CLCO] topped the board today, although gains were a modest 16%. The release of interim results triggered gains after revenues moved higher and losses were curtailed. The company also advised that two major contracts had been extended on a multi-year basis, although gains also need to be considered in the light of this being a sub £10m market cap company and the fact the gains were at least in part absorbed by the spread.

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Sareum Holdings [LON:SAR] also fared comparatively well, adding 15% today. The stock jumped early last week on the back of that investment news, has been making steady gains since and has come back onto our radar today by virtue of little activity elsewhere. The protracted state of these gains is notable.

Clinigen Group [LON:CLIN] slipped 26% today following an update to the market on the negative impact COVID-19 has had on trade. As we have seen with others in healthcare, some treatments have been pushed back in order for the industry to focus on the global health pandemic. The downgrade in revenues may be seen as temporary but the market has been less forgiving.

Plutus Power [LON:PPG] slipped 24% ahead of what seems like an inevitable suspension for the stock looming. The company advised of its rule 15 status back in early December and with this still a cash shell, tomorrow will see the six month period having elapsed. There was some demand for the stock but the hulking wide spread tells its own story.

A feast of regulars vying for the notable mention today, but Remote Monitored Systems [LON:RMS] perhaps has to take the title. This morning’s publication of full year results painted a less than impressive picture for the business, with the anti-viral mask project struggling against increasing vaccine roll outs. There are however sales opportunities here and the company also noted that the technology can be used in other PPE items. The stock however reached the bell down 20% at fresh lows for the year. However, that’s still around six times higher than the lows seen just over a year ago – long term investors still have something to cheer.

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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