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AIM round-up: Deepmatter, Trafalgar Properties, Ncondezi Energy

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London’s AIM Index managed to conclude Wednesday’s session with some modest gains, helped at least in part by that slowing of US inflation, although the junior market still lagged the main board. At the bell, the AIM Index closed up more than eight and a half points at 953.76

  • Deepmatter +58%
  • Trafalgar Properties +57%
  • Ncondezi Energy +38%
  • Ilika -30%
  • Agriterra -20%

Deepmatter LON:DMTR was the day’s best performer, adding 58% by the bell. The impressive gains were posted off the back of a comparatively modest contract win which the market was notified of this morning, suggesting that there’s confidence more will be seen here in due course.

Trafalgar Properties LON:TRAF also had a good session, adding 57% in the wake of news that it had appointed a new executive director. The incoming hire has previously worked with Trafalgar’s CFO to co-found a hydroponics business which was subsequently sold to Ocado and the move is set to reignite Trafalgar’s ambitions in the field.

A notable mention for Ncondezi Energy LON:NCCL which tacked on a further 38% during the day following the release of news that NED Scott Fletcher had increased his holding to an aggregate 19.9%. Coming in the wake of that well-received update regarding the solar proposals, this has evidently served to galvanize investor enthusiasm for the stock which has advanced more than 50% since the start of last week.

Ilika LON:IKA was the day’s laggard, off some 30% in the wake of this morning’s trading update. Whilst this was said to be in line with management expectations, the company is facing challenges in terms of its miniature battery production division, with optimisation taking longer than had been anticipated. The downside here has been further exacerbated by pipelines suggesting demand will be weighted towards power for medical rather than industrial devices which themselves come with longer lead times.

Rounding off with Agrietrra LON:AGTA, which has come in as the day’s second worst performer finishing down 20%. However this is a sub £1m market cap company and with very limited order flow going through, finished on a spread significantly wider than the day’s loss. Seems likely there’s nothing to see here.

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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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