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SmallCap Round Up: Corcel, Zinnwald Lithium, SRT Marine


There were more modest gains during Thursday’s session for the AIM index, which tracked US counterparts rather than the London main board which struggled a little in the wake of more rate hike news. At the bell, the AIM Index was almost three points higher at 806.81.

  • Corcel +27%
  • Zinnwald Lithium +23%
  • SRT Marine +15%
  • Osirium Technology -22%
  • Safestyle UK -17%

Corcel LON:CRCL topped the board, adding 27%. Half year numbers posted at the start of the week failed to offer much in the way of support and today’s trade was largely unremarkable, although the one sided nature did push the spread. Is good news incoming?

Zinnwald Lithium LON:ZNWD added 23% following news that it had completed a placing at a healthy premium to last night’s closing market price. Events like this always tell their own story with investor confidence clearly high for the company.

SRT Marine LON:SRT gets the notable mention, up some 15%. The company this morning published a trading update and systems contract, advising that it expects revenues for the current FY to be 265% up YoY. Further elements of the validated sales pipeline suggest that the company will see additional strong growth in 2024 although critically it’s a margins game.

Osirium Technology LON:OSI slipped 22% off the back of final results published this morning. Revenues are growing but losses remain stubborn. A rethink of the sales strategy has been expected but will this yield the necessary results?

Safestyle UK LON:SFE fell 17% on Thursday. Again it was a familiar story of sales rising but profitability falling as margins were eroded. And with the macroeconomic outlook remaining challenging, the board expects revenues to be below current forecasts. There is however a more optimistic picture being painted for the medium term.

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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