London’s AIM index posted its 8th consecutive day of losses on Wednesday, selling off by exactly five points to sit at 781.76, the lowest closing level since October 2022.
- Woodbois +33%
- Yu Group +21%
- Live Company +20%
- Oncimmune -45%
- Purplebricks -29%
Woodbois LON:WBI topped the board, adding 33% on the day. There’s no news out but price action has been focused in the latter part of the session. The spread is a reasonably wide 6%, reflective of the £12m market cap.
Yu Group LON:YU. was in second place up 21% off the back of a trading update. The provider of smart meters has perhaps unsurprisingly seen strong demand and management note that revenues, margins and cashflows for the full year are now expected to be substantially ahead of expectations.
Live Company LON:LVCG gets the notable mention, up 20% off the back of an update regarding its Frankfurt show. This had been postponed but comes with a stronger line up of acts which the market seems to be applauding driving the share price towards YTD highs as a result.
Oncimmune LON:ONC was 45% lower at the bell, following the release of interims as we reported in our morning note. There’s a risk this is overdone, but the picture is muddied by the significant pivot the company has taken. Critically however there should be no need to tap shareholders for cash in the near term.
Purplebricks LON:PURP is back on the list, off some 29% today. The company issued a statement this morning to advise that a proposed offer by Lecram Holdings had been withdrawn, adding fresh downside pressure on the stock whose market cap is now careering towards £1m.
