Around 3pm and the AIM All Share was once again making progress, up by a little over four points at 764.78, comprehensively outperforming the main board.
- Trinity Exploration +49%
- Alpha Financial Markets +39%
- Altitude Group +16%
- Inspiration Healthcare -45%
- Global Petroleum -27%
Trinity Exploration LON:TRIN topped the board by mid afternoon, up 49% off the back of news that management were recommending an all share acquisition from Touchstone. The current share price doesn’t reflect the full bid premium arguably emphasising the value of cash at times like this!
Alpha Financial LON:AFM was in second place, up 39%. This afternoon the company responded to press speculation, confirming that bid approaches had been made for the business but with with the usual caveats that such offers didn’t mean that a firm bid would materialise.
Altitude Group LON:ALT gets the notable mention, up 16% in the wake of the company’s trading update published this morning. The company reported another strong year and added that it was well in line to meet market consensus for FY25.
- AIM Market Roundup: Arkle Resources, Galantas, Tracsis
- AIM Market Roundup: Inspiration Healthcare up 84%
- AIM Market Roundup: Team Internet, Verici, Poolbeg Pharma
Inspiration Healthcare LON:IHC was at the foot of the table, trading down by 45%, again with a trading update providing the momentum. A material export order due at the end of January remains outstanding and this is impacting the company’s cashflow position. Covenant waivers have been agreed but trade at the start of the new FY remains challenging.
And Global Petroleum LON:GBP was in second to last place off 27%. That comes off the back of yesterday’s very strong gains posted by the stock. Once more however there’s no news here to justify the move.
