London’s AIM All Share might have started the day in positive territory but the upside was short lived. At 3.45pm the market was down a little over three points at 795.58.
- GRC International +56%
- Strip Tinning +30%
- N Brown +23%
- Clontarf Energy -55%
- Ironveld -23%
GRC International LON:GRC was the best performer at 4pm, with the stock buoyed by last night’s statement of a recommended offer for the company. In all fairness not much more to say here!
Strip Tinning LON:STG was 30% higher off the back of news this morning that the company has won a contract worth £43m. The note adds that given the substantial increase in the value of business this brings, that hiring plans will be accelerated.
- AIM Market Roundup: Distil, Strip Tinning, Quadrise
- AIM Market Roundup: Serinus Energy, Clontarf Energy, Insig AI
- Three Quick Facts: ITM Power, N Brown, IP Group
Online fashion retailer N Brown LON:BWNG has had a good day, adding 23% off the back of full year numbers that seem to have been considered as transformative. Sales are down but profit margins are up and management see a corner as having been turned.
Clontarf Energy LON:CLON was 55% lower after its latest update on the Bolivia Lithium update. Regulatory battles here aren’t working in the company’s favour.
And Ironveld [IRON] was also struggling after the company announced a planned funding deal may be substantially reduced, with further confusion coming off the back of the recent elections in South Africa. Shares were down 23% at copy time.
