May 2016 – AIM new arrivals and departures
It was a wonderful month for new issue activity on AIM with 9 genuine new arrivals, several re-admissions and an introduction from the main market. The pick of the crop from our perspective was Hotel Chocolat, closely followed by Joules Group, both of which we have issued detailed commentaries on. With institutions awash with cash and keen to back small companies with decent growth prospects the new arrivals have got off to a great start. Our updated AIMsearch search tool offers guidance on which AIM companies benefit from the valuable tax benefits. For more on some terrific new admissions read on…
At the end of May 2016 there were 1,016 companies on AIM with a total market value of £74.66bn. This compares with 1,014 companies on AIM at the end of April 2016 when the market value was £72.98bn and represents the first growth in terms of number of companies for several months. Thankfully growth didn’t come at the expense of quality with several really nice businesses joining the market and some very strong share price performances in the short period since IPO. It was sad to see the departure from AIM of Penna Consulting which was taken over by Switzerland’s…