There’s no sign of any let-up for London’s AIM Index which has posted further declines today. Losses were limited to less than a point but the all-share closed at 808.30.
- Plexus Holdings +19%
- iEnergizer +15%
- Norman Broadbent +12%
- Lansdowne Oil & Gas -53%
- Barryroe Offshore -49%
Market minnow Plexus Holdings LON:POS topped the board with a very modest 19% uptick on the day. There’s no news here and it appears to have been just a handful of trades which were sufficient to take the mid-price back to levels seen at the start of the month but with a 10% spread there’s nothing to see here for now.
iEnergizer LON:IBPO added 15%, although this comes in light of heavy selling last week following news that the company was moving its listing to the JP Jenkins platform. There have certainly been some meaningful levels of trade in the stock and with the business forecast to continue growing, the prospect of dividend payments evidently has some allure.
Norman Broadbent LON:NBB gets the notable mention, up 12% following news of their Q1 trading update. This notes excellent forward momentum and word of continued profitability growth following expansion of the fee-earning team.
Lansdowne Oil & Gas LON:LOGP slipped 54% off the back of a cascading series of events. Late on Friday, Barryroe Offshore advised that the Irish government was unwilling to grant the company a lease undertaking, on the basis of its financial position even though technically the project is seen as being sound. Lansdowne has invested heavily in the Barryroe project and in order to now protect the asset, will begin legal proceedings against the Irish government.
- Small Cap Stocks: Plexus, Parkmead, Proton Motor
- Three Quick Facts: Norman Broadbent, Computacenter, Immupharma
- Small Cap Stocks: Genedrive, Deltic Energy, UK Oil & Gas
Perhaps no surprise then that Barryroe [LON:BEY] found itself in second to last place, off 49% as investors also digest the implications of the Irish government’s decisions.
