Share Talk Weekly Small Cap Movers & Shakers, Saturday 16th July 2022

These are some of the most significant movers and losers on Aim in the last week.

The AIM index dropped 1.69% to 869.87, compared with a 1.31% drop for the FTSE 100 at 7,102.5.

Nanosynth Group (AIM: NNN) was another major AIM riser. It decided last year to focus its efforts on the synthesis and application of nanoparticles. After a positive trading update, three directors bought 1.33mln shares of the company. This brought the stock up 19% to 0.66p.

Kibo Energy (AIM: KEFI)  which is primarily focused on South Africa, jumped 35% at 0.11p. It doubled the term of a power purchase arrangement for its plastic-to-syngas power station in Gauteng to 20 years.

Sosandar (AIM: SOS) was one retailer that managed to evade the warning trend. It was fashionable after the women’s clothing company reported on a strong year and offered a positive outlook.

News that revenues rose by 142% to £29.5mln and that every month of the second half was profitable sent shares soaring 10% to 20.5p

Ncondezi Energy (AIM: NCCL) meanwhile, surged 80.46% to 1.40p, after announcing it had launched a feasibility analysis for a large-scale solar power plant and a battery storage system. This is in addition to the planned Mozambique coal-power plant.

88 Energy (AIM: 88E) shareholders had a great week despite the small cap coin. A neighbour helped them and confirmed their cash position and recent production growth.

After telling investors that it had A$10.5mln cash at the close of the quarter, the oil explorer saw its shares rise 52% to 0.76p during the week. Management and shareholders are now focusing on nearby third-party well drilling.

After its Alaskan neighbour, Pantheon Resources (AIM: PANR), started drilling the Alkaid-2 well in April, the AIM-quoted explorer was inspired. This well aims to confirm and produce a test of an existing horizontal well.

It stated to investors that it anticipates the completion of an independent estimate of Icewine’s resources “early” during its third quarter. Plans are underway for exploration at Icewine as well as a 2023 spud.

Cornerstone FS (AIM: CSFS) surged 91% on Monday and was up 14% in the week to 10.19p. This is due to the announcement that the company is on track for “substantial Full-year Growth.”

According to the provider of cloud-based currency and payment services, trading momentum has been maintained thanks to a greater proportion of direct clients.

Joules Group (LON: JOUL) a ‘Country Fashion’ chain, saw its price drop to 21.95p. This was in response to reports that it had called in debt advisors to assist with its efforts to increase profitability, cash generation, and liquidity.

CMO Group (LON: CMO) an online-only retailer of building materials, issued a warning. It cut its sales and profit outlook as costs rise, and customers purchase lower-margin items. Its shares plunged 39% to 35.2p.

Profits warnings from Fevertree Drinks. (AIM: FEVER). and a few others meant that the fallers held sway in the past week over the risers.

Fevertree plunged 33% to 878.5p after a profit warning due to rising costs that had been eating into its margins.

According to the mixer manufacturer, the past eight weeks saw a “rapid shift” in the operational and cost background. However, it said that it was working on “a large number” of initiatives to counter the headwinds and “ensure that we can meet the strong demand in our growth areas”.

MPAC Group (LON: MPAC) a specialist in packaging and automation solutions, saw its stock plummet 16% to 240.46p. It’s warning about increasing macro-economic uncertainty, unprecedented volatility and extended lead times were what it called “extended lead time”.

Margin is squeezed by inflationary pressures. Supply chain and operational challenges are expected to continue throughout the year.


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