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Monday’s session started on a negative note, but early weakness for the AIM market proved short lived with the index finishing just over one point lower at 946.98.

  • Horizon Discovery up 111%
  • Lidco Group up 74%
  • Remote Monitored Systems up 39%
  • Tiger Royalties down 31%
  • Pathfinder down 22%

The week certainly started with a bang after Horizon Discovery [LON:HZD] surged 111% during Monday’s trade following news of an all cash offer from PerkinElmer. The proposed price of 185p puts investors back to levels not seen in 18 months, but given the potentially hot topic here – gene editing – the question that will be asked is whether this bid offers fair value…

Lidco Group [LON:LID] also surged in the week’s maiden session, adding 74%  in the wake of an acquisition offer tabled ahead of the opening bell. This bid may be able to allay investor concerns over bargain hunting given the share price has been pushed out to highs not seen in more than three years. It could however put other bid opportunities in the med-tech sector in focus, especially as markets in general move into unchartered territory…

At the other end of the board, Tiger Royalties [LON:TIR] slipped 31%. There’s no news out on the firm, but a quick look at the fundamentals shows a £1m market cap company trading on a 100% spread.

Another minnow, £2m market cap Pathfinder Minerals [LON:PFP], also finds itself at the foot of the board on Monday. A company strategy update, published ahead of the opening bell, highlights some concerns over the treatment of the business by sovereign nations. It’s difficult to conclude much from this, but investors appear to have little short term confidence in the update.

A quick shout out for Remote Monitored Systems [LON:RMS] which added 39% on Monday, extending recent gains. Again, no formal news to support the gains but given the latest swing into lockdown, investors seem convinced the demand for the company’s product can only grow.

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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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