London’s AIM Index paused for breath a little today, trading largely sideways before closing just over 2 points higher at 1067.07
- Spaceandpeople up 206%
- Nucleus Financial up 40%
- Trufin down 20%
- Origo Partners down 17%
- Panoply Holdings down 13%
Shares in Spaceandpeople [LON:SAL] – the commercialisation space specialists for brand experience, retail, and promotional marketing – topped the board today, more than quadrupling in value. The move was driven by an RNS announcing that the company had signed exclusive agreements with the owners of four former Intu shopping centres for promotional sales and temporary retailing, which in the absence of further details seems as if it could be an overblown move. This is a microcap company so the gain of 206% does need to be taken in context and justification of the scale of the move would be interesting to see.
Nucleus Financial [LON:NUC] also found favour today, adding 40% by the close. The company issued a statement confirming that it had received proposals for the business, following a major shareholder’s decision to seek buyers for its own 52% stake in the company.
At the other end of the board, Trufin [LON:TRU] was the day’s biggest faller with shares off 19% at the close. Following strong, unexplained gains on Tuesday, the share price remains up on the week, but with an 8% closing spread, most of that spike has now been reversed.
Origo Partners [LON:OPP] was another big faller, off by 17%, although with a phenomenally wide spread and a £500k market cap, there’s nothing to read into this other than a very small sale in an illiquid stock.
Panoply Holdings [LON:TPX] gets a notable mention, finishing 13% off on the day. We flagged the company as a big riser in the wake of media coverage just over a week ago, but interim results published on Monday appeared to have served as a trigger for profit taking. Steady declines since leave the shares at 185p, still well above the 130p of two weeks ago but well below the 210p highs.