It’s been another down day for London’s AIM Index with hotter than expected US inflation data acting as the latest brake on sentiment, leaving the junior market to close almost four points lower at 745.78.
- Rosslyn Data +24%
- Emmerson +21%
- Light Science Technology +20%
- Nostra Terra -34%
- Dekel Agri-Vision -21%
Rosslyn Data LON:RDT found itself at the top of the board on Thursday, up some 23% at the bell. There’s no formal news out but the company has been flagged in a couple of analyst reports today, which could be helping buoy sentimenent.
Emmerson LON:EML was in second place, up 21%. A Q4 trading update from the start of the week set a cautious tone but the stock has been finding support since and today has seen significant volumes passing through the market. The company is waiting on environmental permits from Morocco but critically these need to drop before further progress can be made.
Light Science Technology LON:LST crept into third place, up 20% on the day. Yesterday’s full year trading update arguably warranted a better response than the market provided with cost savings in play and revenues up by 13%, pointing towards an annualised pre-tax loss of £1.3m, less than half the figure of a year ago.
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Nostra Terra LON:NTOG was the worst performer, off 34% on the day. The company published an update this morning but it was the inclusion of news of a discounted fundraise that set the tempo. The money will be used to develop new drilling opportunities.
Dekel Agri-Vision LON:DKL was the second biggest faller, down 21% on the day. A full year operational update may have impressed at a headline level in terms of volume, but there were issues reported with the company’s cashew processing facility, whilst prices achieved for oils were also materially lower YoY.
