AIM welcomes two in February
At the end of February 2020 there were 847 companies on AIM, with the total market value £93.6bn. This compares to 851 companies at the end of January 2020 when AIM’s market value was £104bn. Ignoring reverse takeovers there were two new arrivals in the month and six departures.
Remember to use our updated AIMsearch tool from the link here to check on the Inheritance Tax qualifying status of all AIM companies including the unusual new arrival. The material fall in value of AIM was exacerbated by the departure of Redde (LON; REDD), the claims and accident management services group, which had a market capitalisation of £300m before its merger with Northgate earlier this month. The combined group is now listed on the main market. You can read our thoughts on the merger here. The two newcomers in the month were Inspecs Group (LON:SPEC) and Gemfields Group (GEM). Inspecs is a designer, manufacturer and distributor…