‘tis a rare beast! London’s AIM Index has managed – just – to scrape a positive finish for the first time in almost two weeks, inspired by positive momentum from Wall Street and reaching the bell just over half a point higher at 783.44
- Westminster Group +39%
- Edenville Energy +27%
- Rurelec +10%
- Amur Minerals -88%
- Enwell Energy -51%
Security provider Westminster Group LON:WSG topped the board, up 35% at the bell following the release of full year results. Revenues added 39%, losses have been eradicated and the company notes it starts the year with £5m worth of recurring revenue. Management believe that 2023 will see a record performance posted.
Edenville Energy LON:EDL was the second biggest riser, up 27% on the day. The company advised of strategic investments this morning at only a modest discount, along with a management reshuffle.
Rurelec LON:RUR gets the notable mention, adding 10% on the day. Trade was limited by the gains were seen in the wake of resolutions being successfully passed at a General Meeting. Investors are set to receive a 0.2p dividend which may not sound like much, but represents almost 40% of where the share price sat this morning.
Amur Minerals LON:AMC was the day’s biggest faller, off by some 88%. However this was a result of the company paying a significant dividend following the sale of recent assets and it becoming a cash shell.
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Enwell Energy LON:ENW was the second biggest faller, off 51% at the close. Again this was a dividend play with the company having announced just over a week ago that it would return 15p per share in cash to investors. This is further complicated by the expectation that the stock is set to be suspended at the end of the month given the company’s failure to find a replacement auditor.