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Home » UK Shares » AIM Risers and Fallers » AIM round-up: Osirium Technologies, Mobile Tornado, SysGroup

London’s AIM Index made something of a false start this morning, reaching the closing bell broadly unchanged, up less than one point at 1056.14

  • Osirium Technologies +92%
  • Mobile Tornado +40%
  • SysGroup +21%
  • Intercede Group -15%
  • Keras Resources -13%

Osirium Technologies [LON:OSI] comprehensively topped the board today, adding 92% by the bell. A trading update from the business published this morning was evidently well received in the wake of record orders being reported during Q1. Existing customers are also noted as expanding their engagement, giving the board increased confidence over the future outlook.

Mobile Tornado [LON:MBT] also fared well, advancing 40% by the close. However there’s no news out here, the stock has taken something of a beating in recent weeks – most recently off the back of full year results at the end of March – and closed on a 30% spread. Combine this with the end of the tax year plus the £4m market cap and it’s difficult to find much worth getting eggcited about here.

A notable mention for SysGroup [LON:SYS] whose shares added 21% today off the back of news that they had completed the acquisition of a peer in the cyber security space. The target company reported EBITDA of £0.8m for the last FY and the maximum consideration will be less than £9 million, suggesting that some optimism may be well placed here.

Intercede Group [LON:IGP] was the day’s worst performer, although with losses limited to just 15%, the junior market has certainly seen worse. A trading update and contract win triggered a bout of profit taking at the open and the stock fought back well through the day. One line of weakness was talk of delays where completion has been pushed into the next financial year, but that’s accounting rather than a material impact on the medium to longer term fortunes.

Keras Resources [LON:KRS] also struggled, although it almost feels unkind to use such narrative when the loss was a mere 13%. A shareholder with a reportable stake notified the market that they had placed a significant sell order today, but the stock has had a great run off that acquisition news from last week. This continues to look like a small blip.

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This article is not investment advice. Investors should do their own research 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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