London’s AIM Index spent the bulk of the session moderately offside before breaking fractionally higher into the close but gains are microscopic with the all share up just half a point – or 0.07% – at 698.41. That said, a retake of the 700 mark would be welcome!
- Anglo Asian Mining +37%
- Novacyt +34%
- Croma Security Solutions +18%
- Naked Wines -37%
- Borders & Southern -14%
Anglo Asian Mining LON:AAZ topped the board, adding 37% following news that it had agreed terms with the Azerbaijan regulators regarding the implementation of an environmental program. This frees up the company to restart operations.
Novacyt [LON:NCYT] was in second place, up 34%. The company received IVDR accreditation under new EU requirements for in vitro genotyping, helping identify cancer patients who may face adverse reactions to chemotherapy treatments. 10-30% of patients receiving this therapy are seen to have severe side effects which the new sampling will help identify at an early stage.
Croma Security Solutions LON:CSSG gets the notable mention, up 18%. Final results released this morning received a warm reception from a small number of investors anyway, with revenues up 38% and gross margins up by 300 bps. There is £2.14m on the balance sheet and the share price has recovered its recent losses as a result.
- AIM Market Roundup: Premier African Minerals, UK Oil & Gas, Naked Wines
- UK Stock Market News: Naked Wines, WH Smith, AJ Bell
Naked Wines LON:WINE found itself at the foot of the table after earnings news this morning revealed underperformance especially in the US division and the departure of the CEO. The company is looking cash constrained but believes it is now at the bottom of this cycle as it continues to liquidate existing inventory.
And Borders & Southern LON:BOR gets another mention, down 14% at the bell. Trade was lumpy and again the sell off sits within the spread, with only a modest number of transactions being seen.
