Tuesday saw another day of losses for the AIM All Share Index, heading back to levels not seen since early May, mirroring sentiment seen across other major European bourses. The all share ended up just over three points lower at 768.63.
- Simec Atlantis +119%
- Active Energy +32%
- Gear4Music +25%
- Indus Gas -25%
- Future Metals -17%
Simec Atlantis LON:SAE topped the board, up 119% heading into the close. The company this morning issued a solid set of full year results with everything appearing to head in the right direction. Revenues jumped significantly, costs were down and the company also turned a profit.
- Three Quick Facts: ME Group, SIMEC Atlantis, ZIGUP
- Gear4Music delivers mixed results as it re-tunes strategy
- Small Cap Stocks: Indus Gas, VAST Resources, Beximco
Active Energy LON:AEG was in second place, up 32%. Last week, the company proposed cancelling its listing on AIM and following a brief dip lower, support has been emerging. However, today’s gains need to be taken in the context of a very wide spread.
Indus Gas LON:INDI was the biggest faller although losses were a modest 25% after a mid-session corporate and operational update. This highlighted that a production sharing contract in place for the last 25 years was due to expire in August – a renewal has been applied for – and that gas sales remain reduced due to ongoing maintenance.
And Future Metals [LON:FME] also struggled, down 17% on the day. That came off the back of general meeting results but volumes were low and the asset traded on an 11% spread.
Gear4Music LON:G4M gets the notable mention, up 25%. Full year results issued this morning were said to be in line with expectations, cost reduction measures are yielding results and sales are set to improve in FY25.
