London’s AIM All Share was continuing to find support well into the latter part of Thursday’s session, with an upbeat Wall Street and a degree of weakness for Sterling both lending support. By 3.30pm the index was almost three points higher at 789.73, trading at levels not seen in around six weeks.
- Intelligent Ultrasound Group +47%
- Hornby +29%
- Alumasc +18%
- Sondrel Holdings -29%
- Alba Minerals -27%
Running the report slightly earlier than usual today but Intelligent Ultrasound Group LON:IUG is continuing to lead the pack off the back of news that the company has agreed to a significant asset disposal to GE Healthcare. The deal, worth £40.5m, is material against the company’s market cap. Shares were 47% higher heading into the close.
Hornby LON:HRN was in second place, up 29% in another day of thin trade. There’s not much in the way of news aside form a modest director deal but this combined with the quoted spread of 12% seems to be lending a hand in lifting the stock off five month lows.
Sondrel Holdings [LON:SND] was 29% lower, following a series of corporate updates. The company’s stock was relisted today after a brief suspension in the wake of missing a filing deadline. The CFO is leaving the company in the wake of the publication of accounts and the note adds that survival of the business is contingent on winning new accounts plus cutting costs further.
Alba Minerals LON:ALBA was 27% down on the day. That reflects a capital raise that concluded this morning and given the rather wide spread being quoted on the stock, it’s difficult to determine whether the market has much confidence in this play.
A notable mention for Alumasc LON:ALU, 18% higher at copy time in the wake of a full year trading update. That propels the stock back to levels not seen in over two years after the company noted full year profits were expected to come in ahead of expectations, with an upbeat outlook for FY25 being projected, too.
