Last night’s Federal Reserve meeting minutes gave investors fresh reason for pessimism, especially when it came to UK smaller caps. At 1pm the AIM Index was almost four points lower at 744.22.
- Hummingbird +16%
- Bezant Resources +14%
- Serinus Energy +6%
- Tremor International -27%
- Aptamer Group -16%
Hummingbird LON:HUM was the morning’s best performer, up 16% at our 1pm copy time. There’s no official news published, but a post on the company’s X feed may have sparked some interest in the stock.
- Small Cap Stocks: RBG, Hummingbird, Loungers
- Small Cap Stocks: Caledonian Trust, Quadrise, Hummingbird
- Small Cap Stocks: Armadale Capital, Petrel Resources, Hummingbird Resources
Bezant Resources LON:BZT added 14% by 1pm. However with only a handful of trades, liquidity is thin on the ground and the move is well inside the quoted spread.
Serinus Energy LON:SENX gets the notable mention today. Having been hit hard earlier in the week, two notifications this morning of stake building appear to have emphasised that at least some investors have confidence. At copy time, the stock was 6% higher.
Tremor International LON:TRMR slipped 27% on the morning in the wake of H1 results. Headline figures looked reasonable but a 50% uptick in operating costs has taken a toll on performance. The company is cash rich, but management caution that macroeconomic uncertainty is likely to continue weighing in H2.
Aptamer LON:APTA was in second to last place at 1pm. The company announced two contract wins this morning, but this failed to offer any sustainable support for the share price which was 16% lower at the time of writing. Today’s general meeting has seen a new strategy agreed on with costs cut and revenue targets set through to 2026. A number of reshuffles at the board level have also been agreed.
