It was an overall down day for the AIM index, but losses were limited to less than four points, reaching 825.04 at the close.
- Ienergizer +115%
- Biome Technology +28%
- Eckoh +20%
- UK Oil & Gas -38%
- Fireangel Safety -27%
Ienergizer LON:IBPO is back on our list, topping the board having added an impressive 115%. The company sold off heavily both on Friday and yesterday off the back of a proposed delisting and remains well below last week’s levels but the downside does appear to have been overdone.
Biome Technology LON:BIOM also had a good day, adding 28% by the bell. There was limited trade flow observed here and this seems to be an extension of gains which were initiated last week off the back of fundraising news.
Eckoh LON:ECK gets the notable mention, up 20% after the company issued a trading update this morning. The board expects revenues and profits to be ahead of market expectations with good cash generation also being reported.
UK Oil & Gas LON:UKOG was the biggest loser, down 38% at the close after drill test results came back as inconclusive. Whilst management attempted to paint a glass (or barrel) half full impression here, clearly the market wasn’t won over.
- Biome’s long-term prospects remain promising despite short-term challenges
- Three Quick Facts: Botswana Diamonds, Biome Technologies, Fletcher King
- Small Cap Stocks: UK Oil & Gas, Jaywing, Orcadian Energy, Hermes Pacific
Fireangel Safety LON:FA. slipped 27% on the day off the back of their trading update. Lower than expected revenue forecasts for the full year are taking a toll here and as a result management caution that group EBITDA for the period will now be materially below expectations. That said, momentum is seen as building as supply chain issues ease. Full year audient results are expected at the start of next month.
