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SmallCap Round Up: Helium One, Hornby, Knights Group

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London’s AIM Index has started the week off with fresh losses despite hopes that smaller companies may get something of a boost from tonight’s Mansion House speech. By 4.30pm the All Share was down just over two points at 739.45.

  • Helium One +35%
  • Hornby +21%
  • Knights Group +16%
  • Mirriad Advertising -32%
  • Unbound Group -29%

Helium One [LON:HE1] topped the board, up by 35% on the day following the publication of an operational update this morning. Critically this revolves around the company having secured a drilling rig for a project in Tanzania. Further updates are promised in due course and today’s gains reverse the cumulative losses of the last six weeks.

Hornby [LON:HRN] are in second place, up 21%. There’s no news today but Friday’s funding update and acquisition news failed to deliver any impact when announced, so this looks like the market playing catch up. Again however, this reverses losses from recent weeks rather than being a transformative jump higher. It’s not exactly full steam ahead…


Knights Group [LON:KGH] get the notable mention, up 16% at the bell. Full year results were out this morning, with a 13% increase in revenues against a very modest erosion in margins. Shareholder benefit from a 15% uptick in total dividends and management are confident that recent recruitment activity will drive a solid H2 performance.

Mirriad Advertising [LON:MIRI] was the biggest faller, off 32% at the close. There’s no news but Odey Asset Management were named on a TR1 less than a month ago as owners of 16% of the company. A fire sale here could well be squeezing the price.

Unbound Group [LON:UBG] was in second to last position, off by 29%. A couple of weeks ago, the company terminated its formal sale process, instead proposing an equity placing. Order flow today was however very limited and the spread sits at 50% at the close. Is news incoming?

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This article does not constitute investment advice. Do your own research or consult a professional advisor.

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