It was another down day for London stocks with the hawkish tone at the Bank of England failing to give much cause for cheer whilst markets globally adopted a more upbeat tone. At the close, the AIM All Share was around half a point lower at 738.51.
- Armadale Capital +67%
- Petrel Resources +29%
- DSW Capital +12%
- Hummingbird Resources -65%
- Fadel Partners -44%
Armadale Capital LON:ACP was showing as the day’s biggest riser on Thursday, up 67% although erratic moves have been seen here in recent days as the stock heads towards delisting next week.
- Small Cap Stocks: Aferian, BigBlu Broadband, Armadale Capital
- Small Cap Stocks: Parkmead Group, Microsalt, United Oil & Gas
Petrel Resources LON:PET was in second place, up 29%. However there’s no news here, volumes are incredibly light and the spread accounts for much of the uptick.
- AIM Market Roundup: Petrel Resources, EnergyPathways
- Small Cap Stocks: Energypathways, Global Petroleum, RBG
DSW Capital LON:DSW added 12% to take the notable mention. The company filed a trading update this morning, highlighting an exceptional level of business having been undertaken in October and as a result has seen management upgrade full year guidance. A flurry of activity before the government’s budget has been attributed to the move, whilst a recent acquisition is also seen as being transformative in terms of enhancing earnings.
Hummingbird Resources LON:HUM was the biggest faller, off 65% on the day. The business made a series of updates last night including a debt restructuring and the intention delist the stock.
- Small Cap Stocks: Hummingbird, LPA Group, Cadence Minerals
- Small Cap Stocks: RBG, Hummingbird, Loungers
Fadel Partners [LON:FADL] was 44% lower after they provided an update to full year trading expectations. Revenue forecasts have been revised lower, and whilst there are reasons for optimism – cash next year seems to be sufficient to not be tapping up investors and go-to-market trends are improving too – the market clearly wasn’t warming to that.
