The AIM Index tapped on fresh gains today despite a deteriorating outlook for a Brexit trade deal being agreed. The junior market settled almost five points higher at 1073.82.
- Imimobile up 47%
- TMT Investments up 45%
- Synairgen up 28%
- Tasty down 18%
- Hunters Property down 14%
Interim results from Imimobile [LON:IMO] were exceptionally well received this morning, driving the shares up 47% as a result. There was a profit upgrade for FY22 in the note too, driving this company’s valuation to almost half a billion pounds.
TMT Investments [LON:TMT] charged towards the top of the board, adding 45%. Media reports that a portfolio company’s IPO could generate in excess of $100m for the investment house appears to be the key driver here, although on those calculations alone, the run could yet have further to go. Worth adding shares settled on a 10% spread.
At the foot of the board, Tasty [LON:TAST] struck a sour note, falling 18%. There was no news out relating to the business, but lower than expected footfall in city centres over the weekend has served as a reminder that there’s still a long way to go until we see a return to pre-COVID levels of activity.
Hunters Property [LON:HUNT] also slipped 14%, although this comes off the back of strong gains at the end of last week, following news of a bid for the business. However, there is no certainty that the bid will complete and this appears to be some investors factoring that outcome.
A notable mention for Synairgen [LON:SNG], whose shares closed 28% higher on Monday with gains focused very much on the latter part of the session. There’s no official news behind the move and this only goes to recover losses of the last few weeks. Shares remain well below their summer highs of 260p but could this be indicative of more research findings coming?