Another quiet session for London’s AIM Index saw the All Share finish just a fraction of a point higher at 742.82.
- Rotala +43%
- Orcadian +43%
- Avacta +23%
- Safestyle UK -46%
- Northcoders -32%
Rotala LON:ROL added 43% following news of a possible MBO. The deal would value the business at 63.5p per share so today’s move to 58.25p leaves a little slack.
Orcadian Energy LON:ORCA added 43%, extending the recent run of gains off the back of a slew of good news. The stock is now 145% higher on the week and an investor presentation has been called for tomorrow.
Avacta LON:AVCT added 21% to get the notable mention. The company released news of a successful medical trial iteration this morning.
- Small Cap Stocks: UK Oil & Gas, Jaywing, Orcadian Energy, Hermes Pacific
- SmallCap Round Up: Renalytix, Corcel, Avacta
- Three Quick Facts: IAG, Safestyle UK, NatWest
Safestyle UK LON:SFE was the biggest faller, down 46% after a trading update. Despite profit expectations being met for July and August, order intake has since fallen behind. The current market is seen to be running around 24% down YoY, with Safestyle being caught in this downswing.
Northcoders LON:CODE was 32% lower at the close following interims. Whilst these numbers were generally upbeat, volumes were thin and this comes off the back of some meaningful gains.
