Despite UK inflation falling faster than had been expected and now being tipped to hit 1% later in the year, the AIM All Share has again failed to find any headway during Wednesday’s session, heading towards the closing bell with modest losses of less than a point. At our 4.10pm copy time the index was trading at 734.95.
- Roadside Real Estate +185%
- Kodal Minerals +10%
- Naked Wine +8%
- Hummingbird -25%
- Versarien -21%
Roadside Real Estate [LON:ROAD] was charging ahead, up 185% as we approach the close. The company – formerly known as Barkby – announced the partial sale of its stake in Cambridge Sleep Sciences for £6m, with proceeds being used to pay down company debt. Raodside continues to own 65% of CSS.
Kodal Minerals LON:KOD was sitting 10% higher heading towards the close. This extends the recent run higher following yesterday’s news of an experienced NED joining the board, but there’s nothing beyond that.
Naked Wine LON:WINE gets the notable mention up 8% after an update on debt refinancing, although notes that the current facility still has more than a year to run. A trading update also showed that revenue performance remains in line with expectations and that the cash position has improved significantly.
- Small Cap Stocks: RBG, Hummingbird, Loungers
- Small Cap Stocks: Caledonian Trust, Quadrise, Hummingbird
- Small Cap Stocks: Vela Technologies, Caspian Sun, Nostra Terra
Hummingbird Resources LON:HUM had another down day, shedding a further 25%. We flagged the company at the start of the week following a dispute with contractors at a mining site. A further statement today notes that the situation is no closer to resolution.
Versarien LON:VRS was off 21% heading into the close, reflecting the impact of a capital raise which completed this morning. The stock is however still holding onto a modest premium against the 12.5p price of the raise, suggesting investor confidence remains in tact.
