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Home » UK Shares » AIM Risers and Fallers » AIM round-up: Sanderson Design Group, Victoria Oil & Gas, Braveheart

London’s AIM Index resumed its downward trend on Tuesday, shedding a further twelve points to close at 1154.20.

  • Sanderson Design Group +22%
  • Victoria Oil & Gas +20%
  • Braveheart Investments +17%
  • Reneuron Group -44%
  • Ncondezi Energy -34%

Sanderson Design Group [LON:SDG] was the day’s performer, adding 22% off the back of an upbeat trading update. Revenues are set to come in slightly ahead of board expectations, but margins are tipped to improve significantly, as a result of operational gearing. As a result, full year profits for the year to end of January are tipped to come in no lower than £12m, up from the £7.1m posted a year earlier.

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Victoria Oil & Gas [LON:VOG] also put in a good session, adding 20% on the day in lumpy trade. However, a closing spread of over 7% was also printed, suggesting that the one-way trade may be dominating. In the absence of any fresh news tomorrow, will the gains hold?

A notable mention for Braveheart Investments [LON:BRH], which added 17% today. The company’s share price has been under pressure since the start of the year, so today’s rebound could illustrate some bargain hunting but again there’s a wide spread on the stock suggesting some supply/demand imbalance may be evident.

Reneuron Group [LON:RENE] was the worst performer of the day, off 44% at the bell. A strategic update this morning has seen the company decide to more tightly focus resource off the back of some less than impressive clinical results, serving a significant blow to the company’s share price which now sits at levels last seen before the stock consolidation four years ago.

Ncondezi Energy [LON:NCCL] is on the list again today, falling 34% as investors continue to digest yesterday’s project update. There’s a meaningfully wide spread here although the market cap has now dwindled to just a couple of million. Some clarity over future funding plans is desperately needed, but given environmental pressures, this might not be all that well received.

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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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