June 2016 – AIM new arrivals
Despite the distraction of the EU Referendum it was another encouraging month for new issues on AIM with 6 genuine new arrivals and a re-admission. The largest of the new arrivals in terms of market capitalisation was Time Out, whose shares have unfortunately found little favour in the weeks following their debut on AIM, although in fairness markets haven’t been easy! Our updated AIMsearch search tool offers guidance on which AIM companies benefit from the valuable tax benefits. For more on the new admissions, including a fascinating restaurant group read on…
At the end of June 2016 there were 1,013 companies on AIM with the total market value £71.745bn. This compares with 1,016 companies on AIM at the end of May 2016 when the market value was £74.66bn. With the EU referendum causing havoc for UK equities the AIM index fell 4.3% in the month. Though clearly disappointing this actually compares favourably with the decline of 5.4% for the mid cap FTSE250 index over the same period and in our opinion represents a bit of a watershed moment for AIM as it outperformed a leading index during a period of high…