London’s AIM All Share Index added just over three points to start the week, broadly keeping pace with the main board although that acquisition of Aquis will have had a meaningful impact.
- Aquis +114%
- Gfinity +43%
- Pantheon +23%
- Team International -26%
- ZOO Digital -22%
Aquis Exchange LON:AQX was the biggest gainer on the day by a significant margin, adding 114% following the news that Swiss exchange provider SIX had agreed to buy the company. The uplift in price reflects most of the premium that has been offered.
- Aquis Exchange and Cboe in bid to fill consolidated tape role in Europe
- Aquis shares up over 100% on SIX acquisition news
Gfinity LON:GFIN was in second place, up 43% off the back of publication of a trading update and business development news. The detail here is rather light, with a non-binding MoU in place that does admittedly come with an option to buy certain assets in due course, whilst the trading update seems to be reflecting already made commitments, which is arguably reflected in the thin trading and wide spread.
- Small Cap Stocks: Brand Architekts, tinybuild, Quadrise
- Small Cap Stocks: Capital Metals, Seascape Energy, Oracle Power
Pantheon Resources LON:PANR was up 23% following a drilling update. The company announced the spudding of a new well in Alaska, whilst the new US government’s administration to the petrochemicals sector was also flagged in the update.
Team Internet [LON:TIG] was the worst performer, off 26% on the day. That follows the publication of results for the nine months to 30th September. The numbers seem solid enough with a very modest drop in profits whilst the only weakness seemed to be a recent acquisition failing to contribute to EBITDA yet. This extends the losses that were posted on Friday.
ZOO Digital LON:ZOO dropped 25%. There’s no news here but the company is expected to publish interim results tomorrow.
