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The AIM index had a good start to the week, adding almost 7 points to close at 960.76, comfortably outstripping a rather lacklustre day for the FTSE-100.

  • Surface Transforms up 67%
  • Chariot Oil & Gas up 28%
  • N4 Pharma down 36%
  • Bilby down 20%
  • Blu Star Capital down 7%

Shares in Surface Transforms [LON:SCE] jumped sharply higher on Monday morning hitting levels not seen in 15 years after the company advised the market of a deal to supply carbon ceramic brake discs to a global vehicle manufacturer. This was accompanied by news that group revenues for the current year have also been upgraded, something which was sufficient to send the stock to the top of the board.

Shares in Chariot Oil and Gas [LON:CHAR] jumped higher in the latter part of the session, finishing Monday some 28% higher. Shares made a muted response to an upgrade last week, but now appear to be playing catch up.

N4 Pharma [LON:N4P] was the day’s biggest casualty, slumping 36% after releasing a pre-market update in its COVID-19 proof of concept. Back in August, news of the developments here saw the share price more than double and Monday’s news should probably be taken in context. The results hoped for may not have been seen, but further tests will be performed here.

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Bilby Plc [LON:BILB] was another big faller, dropping around 20% with today’s AGM results evidently being the driver here. Volumes however seem thin so the fall may well be attributed to the limited liquidity rather than any fundamental driver.

Blu Star Capital [LON:BLU] caught my eye, off 7%. The company acts as an umbrella for other investments in the e-spots and payments worlds, providing clients with some natural diversification. The low share price means that the stock inevitably trades with a wide spread and is worth just £8m but the correct tailwind could bode well for the firm.

Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Tony Cross

Tony Cross

Tony Cross is a market commentator with over 15 years of experience, producing compelling, insightful copy for journalists and investors alike. Focusing on macroeconomics, UK blue chip equities and inter market analysis, Cross's commentary is well regarded for its clarity and ability to cut through the waffle. He has been quoted in publications as diverse as The Financial Times, The Times, The Guardian and The Sun. He has also been a regular guest on both Share Radio and TipTV.

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