With the US electorate heading to the ballot box for what is arguably the most divisive presidential election in decades, markets are finding some cause for cheer with Wall Street heading higher in early trade and the AIM All Share being dragged fractionally higher in its wake. By 4.30pm the index was up around one point at 736.39.
- Aferian +85%
- BigBlu Broadband +47%
- Arc Minerals +15%
- Armadale Capital -24%
- Synergia Energy -22%
Aferian LON:AFRN was the best performer, adding 85% on the day. A well received trading statement published this morning included news of cost reductions and strong revenue growth in the second half, up 20% from the previous reporting period.
BigBlu Broadband LON:BBB was 45% higher, following confirmation that the company was in discussions regarding the potential disposal of a subsidiary. The news release was light on content but further updates are promised in due course.
Arc Minerals LON:ARCM gets the notable mention, up 15%. That follows the company’s mid-session notification that a license application in Zambia is being reinstated.
Armadale Capital LON:ACP is wallowing at the bottom of the list again as the company moves towards a delisting next Tuesday. Shares were showing as 24% lower at the close.
- Small Cap Stocks: Armadale Capital, Petrel Resources, Hummingbird Resources
- Small Cap Stocks: Parkmead Group, Microsalt, United Oil & Gas
Synergia Energy [LON:SYN] is down 22% having issued an operational update this morning. This also included news of a new funding round which has seen just over two billion new shares issued and the dilution effect here would account for the entire downside.
