At 2pm, London’s AIM Index was essentially unchanged at 730.10, having spent most of the day trading just into positive territory.
- Oxford Biodynamics +25%
- Saietta Group +25%
- Pantheon Resources +13%
- Univision Energy -33%
- Tasty -26%
Saietta Group LON:OBD is back on our radar, up 25% at copy time, in the wake of news that its Indian JV had received a purchase order for eDrives from a local light commercial vehicle manufacturer. Target volumes for year one suggest £11m worth of revenues could be seen.
Oxford Biodynamics LON:SED fared well again although gains were a more modest 25% compared to yesterday’s performance. This just appears to be an extended run of support from thatw ell received product release news.
Pantheon Resources LON:PANR gets the notable mention, up 13%. The company confirmed this morning that it had re-entered the Alkaid-2 well in Alaska.
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Univision LON:UVEL was the biggest faller, off 33%. The company announced that a winding up petition against it had been delayed, whilst another lag in preparation of accounts means that the stock will be suspended from trade on Monday.
Casual restaurant operator Tasty LON:TAST was the second biggest faller by 2pm sitting some 26% lower. The company issued interims this morning which illustrated that the sector continued to struggle. Whilst some pressures may be easing, mounting losses and a falling cash balance could create issues although the business is currently debt free
