AIM roars ahead in January 2017, although IPOs are in short supply!
January 2017 saw the FTSE AIM ALL Share Index rise a majestic 4.64%, boosted by strong performances from some of AIM’s larger stocks. Unfortunately IPO activity ground to a halt with only one new arrival, which only resulted following a reverse takeover. We comment on this and the major contributors to AIM’s performance in our Blog. Our updated AIMsearch search tool continues to offer guidance on which AIM companies benefit from the valuable inheritance tax reliefs. Read on..
At the end of January 2017 there were 973 companies on AIM with the total market value £84.7bn. This compares with 982 companies on AIM at the end of December 2016 when the market value was £80.8bn. 10 companies left AIM and there was 1 solitary new arrival which we cover below. A notable departure was Constellation Healthcare Technologies, which was acquired for US$309m by its majority shareholder. The consideration included some bizarre promissory notes – good luck to the holders of these – with the deal finally closing on the last day of the month. The sole new arrival…