The collapse in positive sentiment in China seems to have left London with something of a hangover, the AIM All Share sliding by just over three points in early trade and still languishing around those levels at our early afternoon copy time. The Junior index was trading at 735.09 just before the opening bell on Wall Street.
- Gunsynd +26%
- Chariot +25%
- Litigation Capital Management +13%
- Inspirit Energy -61%
- Silver Bullet Data -22%
Gunsynd LON:GUN was the biggest riser, up 26% after publishing sample results. Management deemed the numbers as illustrating an excellent first pass and although conceding that the sample size was small, investors were clearly enthused.
Chariot Oil & Gas LON:CHAR was in second place at copy time, up 25%. Volumes were moderately elevated but the rebound could well be bargain hunting after recent losses for the stock. Whether that’s from individuals or an institutional play is arguably the big question here.
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Litigation Capital Management LON:LIT gets the notable mention, up 13%. That follows a positive update this morning on its Fund 1 portfolio which sees a significant milestone having been passed.
Inspirit Energy LON:INSP was the laggard, off 61%. That followed a business update this morning which means the business will become a cash shell. AIM rules dictate that this isn’t sustainable beyond six months, so failure to find a new venture will result in the stock being delisted.
