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Small Cap Stocks: Kinovo, Revolution Bars, Surface Transforms


London’s AIM All Share was inching higher after this morning’s trade with the index sitting around one point higher at midday.

  • Kinovo +21%
  • Revolution Bars +14%
  • Surface Transforms -63%
  • Argentex -21%

A trading update from Kinovo [LON:KINO] saw stock in the company rise 21% in early trade, helped along by an upgrade to full year EBITDA expectations.

Revolution Bars [LON:RBG] had a decent morning, jumping 14% off the back of the company confirming it was in talks with fellow bar operator Nightcap over a possible acquisition. Revolution’s stock remains well down on the year to date however as the company bears the brunt of rising costs and people partying less.

Surface Transforms [LON:SCE] took something of a beating during Thursday’s trade, but this was the result of a deeply discounted funding round which completed this morning. New shares were offered at a 66% discount and at midday the stock was sitting some 63% lower. There is however a big customer pipeline in place – the offer may have been distressed, but does it actually show the sheer flexibility of capital markets?

Argentex [LON:AGFX] was also struggling at midday, off 21% in the wake of a trading update and funding news. Financials showed margin reduction as taking a hit on performance, resulting in a significant trimming of dividends.

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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