The AIM Index is once again underperforming the main board, sitting more than six points lower at 792.27 by the close. With jitters lingering over the broader outlook for banks, risk appetite appears to be in limited supply.
- Unbound Group +112%
- Verditek +49%
- Vast Resources +25%
- Argos Resources -23%
- In The Style -15%
Unbound Group [LON:UBG] is the top performer for Tuesday, advancing 112% by the bell. This morning the company advised the market of a possible takeover bid, with the cash plus right deal valuing the shares at a 162% premium to Monday’s closing price. The board notes they would be minded to recommend such an offer to shareholders.
Verditek LON:VDTK added 49% on the day, following news that it had received an order worth EUR167,500. That’s qute a reaction given the modest size of the deal, but this marks the production order of the solar roofing tiles.
Vast Resources LON:VAST advanced 25% to get the notable mention. There’s no formal news out and gains were focused on the latter part of the session. Investors will be looking to see if a retest of the early February highs can be posted tomorrow.
Argos Resources LON:ARG was the biggest faller, off 23%. However with minimal trades going through and an exaggerated spread, there’s nothing to note here on the £3m company.
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In The Style LON:ITS dropped 15%, closing at fresh all time lows. The company debuted on the market just over two years ago, trading around the 235p mark, but following a strategic review, a statement published yesterday noted the underlying business has been sold on and a liquidation process will follow. Shares closed in what is now a cash shell at just 0.425p
