Those higher than expected inflation numbers this morning have raised expectations that tomorrow’s Bank of England rate move will show no let-up in the policy tightening agenda. With the beatings set to continue until morale improves, the fact the AIM Index only lost two points on the day to finish at 783.02 is arguably noteworthy.
- Strip Tinning +33%
- ITIM Group +25%
- Tekmar Group +23%
- Live Company -18%
- Sancus Lending -14%
For the second time this week, Strip Tinning LON:STG is on the radar with gains of 33% being recorded. Transaction volumes were far from elevated by news that the wife of the CEO had extended her holding at at top of book price arguably underlines support for the stock. Again however the spread accounts for almost half of the uptick.
ITIM Group LON:ITIM is also back on the list for the second time this week. Again dealflow was limited and there’s no formal news out but the stock has moved back to three month highs as a result of the recent gains. At the bell the stock was 25% higher.
Tekmar LON:TGP gets the notable mention following the release of its interim results. A record order book and diminishing losses have served the stock well, as has management’s commitment to see EBITDA break even and revenues of £40m in the current FY. The stock was 23% higher at the bell.
Live Company LON:LVCG was the worst performer, off by 18%. In a note released this morning, the company advised that whilst a new auditor had been appointed it was unlikely to be able to get accounts signed off by the 30th June deadline, resulting in a temporary suspension of the stock. Notably however the spread at the close was in excess of 20%.
- Small Cap Stocks: Chariot O&G, Sancus Lending, Jade Road
- Small Cap Stocks: Renalytix, Sancus, Crimson Tide
- Small Cap Stocks: Mindflair, Conroy Gold, Goldstone
And Sancus Lending LON:LEND is back on the list, today’s second worst performer. The stock rallied hard at the start of last week, but volumes have ebbed away since and pressures remain on the downside, with losses of 14% being noted on the day, although again this was within the spread.
