London’s AIM All Share Index has seen meaningful selling throughout Tuesday’s session, sitting around 1% or just over 7 points lower by the close at 730.66. Rising UK unemployment, more inflationary talk from Kier Starmer and another uptick in borrowing costs are all contributing to the mire.
- Star Energy +37%
- Woodbois +19%
- TPXImpact +18%
- Proton Motor -41%
- ADF Facilities -39%
Star Energy [LON:STAR] was today’s top performer, adding 37% by the close. That move came off the back of news that a none core asset had been disposed of, yielding £6.3m in cash. There are conditions attached to the completion but this was the site of a former oil terminal and is now disused.
Woodbois LON:WBI was in second place, up 19%. The company’s stock resumed trading yesterday after a five week suspension so arguably there’s a lot that needs to be priced back into the share price. Volatility could well persist for a while longer.
TPXImpact LON:TPX gets the notable mention, up 18%. This morning, management delivered a multi-faceted update to the market including a contract win from the UK government for up to £19m over three years, a stronger order book and an expectation that growth will be maintained in FY25.
Proton Motor LON:PPS was the biggest faller, off 41% on the day. The recent budget gave some life to the stock but it seems that the support can’t be maintained. There’s no news out today but reports suggest a lot of stock changed hands.
- Small Cap Stocks: Parkmead Group, Microsalt, United Oil & Gas
- Small Cap Stocks: Microsalt, Proton Motor Power, Eckoh
ADF Facilities LON:ADF was down 39%. A trading update this morning noted that a significant number of projects that had been expected to start in this financial year will now be deferred and that’s lead to a lowering of expectations for the full year.
