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After a strong session yesterday, London’s AIM index traded essentially flat on Wednesday, finishing just under two points lower at 1243.72

  • Live Company +24%
  • Globalworth Real Estate +23%
  • DCD Media -28%
  • Kibo Energy -19%
  • Clear Leisure +19%

Live Company [LON:LVCG] is back on our list today, topping the board and reaching the closing bell some 25% ahead. That’s close on a 60% gain from where the stock closed on Monday and as we noted yesterday, the stock does remain at a significant discount to the average levels seen in recent years. So long as we are on a path back to post-COVID normality there could be value here but with questions being asked over new mutant strains of the virus, the market needs to be braced for further uncertainty.

Globalworth Real Estate [LON:GWI] found itself as the day’s second best performer after a majority shareholder tabled a bid to buy the remaining stock at EUR7 per share. This has been more than fully priced in, driving shares some 23% higher by the close. The board is recommending investors take no further action at this point but will make a further announcement in due course.

DCD Media [LON:DCD] was the day’s biggest casualty with the minnow dropping 28% by the bell. There was very thin trade and the spread is quoted at around 25% so this is arguably in rounding error territory, with no apparent news to support the move.

Kibo Energy [LON:KIBO] also struggled, shedding 19% during Wednesday’s trade. The company owns just over 50% of Mast Energy Developments which debuted on the main board this morning and promptly saw its market cap jump to around £30m. A quick calculation here suggests the numbers don’t quite add up, as the stake in Mast exceeds the market cap of Kibo. Make of that what you will!

A notable mention for Clear Leisure [LON:CLP], which published a note calling a general meeting ahead of the opening bell and reached the close some 19% higher. One of the agenda items is a vote to rename the company Quantum Blockchain Technologies. Admittedly there’s also a plan to change the investing policy, but we’ve seen this before where an on-message name change can alone bolster the company’s fortunes – at least in the short term.

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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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