London’s AIM All Share Index has made further progress on Tuesday, adding around 5 points by our earlier than normal 3pm copy time as it trades at 753.98
- Sondrel Holdings +28%
- Byotrol +25%
- Sareum Holdings +24%
- Bushveld Minerals -44%
- Tinybuild -21%
Sondrel Holdings [LON:SND] topped the board, up 28% on the day. Last night, a brace of director deals were announced with the interim CEO and CFO both jumping in to pick up stock, taking advantage of the low price which dipped in the wake of a series of updates in late March.
Byotrol LON:BYOT was up 25% around 3pm, but this is something of a rounding error as the company plots towards its delisting next week. Only a handful of trades were executed and the move was well inside the quoted spread.
Sareum Holdings LON:SAR gets the notable mention, up 24%. The stock has been making solid progress in recent weeks in response to a series of corporate actions and now sits at levels not seen in around six weeks.
- Small Cap Stocks: Brand Architekts, tinybuild, Quadrise
- Small Cap Stocks: Indus Gas, Futura Medical, Jersey Oil & Gas
- Small Cap Stocks: Empyrean, Beacon Energy, Bushveld Minerals
Bushveld Minerals LON:BMN was the biggest faller at copy time, off some 44% following an operational and corporate update issued this morning. Critically this highlighted cashflow issues following the delay in receiving funds from a counterparty, whilst regulatory delays have also hit an asset sale. Record production levels may have been achieved in March, but investors are evidently underwhelmed.
Tinybuild LON:TBLD was the second worst performer, off 21% after publishing full year results. Revenues were down by 29% as last year’s $15m profit morphed into a $64m loss. Back catalogue sales provided some support, but management note that the entire video game industry had a torrid year.
