The AIM All Share index started the week on the back foot although losses have been minimal. There was a very modest bounce just ahead of the start of US trade, but the index wrapped up the day almost two points lower at 754.95.
- Glantus Holdings +52%
- Equipmake +25%
- Trellus Health +20%
- Harvest Minerals -28%
- Serinus Energy -16%
Glantus Holdings LON:GLAN topped the board, adding some 52% on the day. The company this morning agreed to an all cash offer this morning, valuing the business at almost £18m. That’s a 60% premium to Friday’s closing price, suggesting that there may still be a little left in the tank here.
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- Equipmake: High hopes, low cash – EV firm seeks urgent funding
AQUIS listed Equipmake [PL.EQIP] advanced 25% on the day. The company received favourable media coverage over the weekend, resulting in a significantly elevated level of trade being seen in the stock.
Trellus Health LON:TRLS added 20% on the day. There was no news, but downside pressures ahead of the weekend break took the stock down to 5p, which in turn appears to have initiated a modest degree of buying.
Harvest Minerals LON:HMI was the day’s biggest faller, off 28% by the close following news that it had significantly downgraded forecasts for the year. The company cited delays in farmers committing to fertilizer purchases as being a key driver here.
Interim results from Serinus Energy LON:SENX left the stock some 16% down. Headline figures suffered off the back of falling commodity prices although transaction volumes do appear to have been relatively limited.
