London’s AIM Index managed to post some modest gains on Tuesday, helped by a falling pound and defying concerns that more rate hikes will be needed to reign in inflation. At 4.30pm the all share sat one and a half points higher at 743.71.
- Physiomics +32%
- Silver Bullet Data +27%
- Cornerstone FS +15%
- Infrastructure India -47%
- Feedback -19%
Physiomics LON:PYC topped the board, up 32% on the day, reversing recent losses and heading back towards highs seen off the back of appointment news at the start of the month. There’s no specific news and the spread is quoted at around 10% however, but this just looks like opportunistic loading up after that dip.
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Silver Bullet Data Services LON:SBDS added 27% on the day. There’s no news out and volumes were limited, resulting in a spread that consumes much of the uptick, but the company’s harnessing of AI – much like Physiomics – is perhaps sparking interest too.
Interim results from forex payments provider Cornerstone LON:CSFS were sufficient to see the company secure today’s notable mention, adding 15%. Revenues close on doubled with margins holding steady and the strong momentum posted in the first half of the year is expected to be sustained, with full year numbers tipped to come in significantly ahead of expectations.
Infrastructure India [LON:IIP] charged higher last week but as we have seen before with the stock, gains like this often serve to trigger bouts of material profit taking. The stock slipped 47% on the day, but the move was inside the spread.
And Feedback LON:FDBK was in second to last place, off 19% in the wake of final results. Sales jumped higher, but so did operating losses and the absence of some key updates appears to have left at least some investors looking for an exit. However with a relatively tight spread being seen, this is far from a fire sale.
