London’s AIM All Share almost managed to eke out a second consecutive day of gains, but lost out by the thinnest of margins, reaching the close down just one tenth of a point at 738.24.
- Gfinity +57%
- Seeen +44%
- SRT Marine +33%
- Jade Road -20%
- Blue Star Capital -14%
- Corcel -12%
Gfinity LON:GFIN saw a meaningful uptick on Monday in the wake of news that a director had invested a further £30k into the company, taking his stake to almost 8%. Much of the 57% gain is covered by the spread and this is far from an actively traded stock but the move remains notable.
Seeen LON:SEEN was in second place, up 44%. Again the only news behind the move here is a filing disclosing that an individual stakeholder now owns more than 12% of the company, but this is a thinly traded stock and the move is within the spread being quoted heading to the bell.
SRT Marine LON:SRT was 33% higher following news that the company had been awarded a $200m+ contract from a national coastguard.
- SRT profits soar as governments ramp-up maritime surveillance
- SRT Marine Systems secures $15m key contract
Jade Road LON:JADE was the biggest faller, off 20% on the day. However with no trades we’re instead going to look at Blue Star Capital LON:BLU, another investment vehicle. They published a portfolio review and trading update this morning which once again highlights concerns with and exposure to SatoshiPay. Failure to make a clean exit here could be problematic for the wider business.
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Corcel LON:CRCL was also struggling, down 12% on the day. The company confirmed the timing of a general meeting today but volumes were far from remarkable. Arguably not much to see here although the stock has given back last week’s gains.
