September 2019: another rotten month for AIM newcomers
AIM is in dire need of an injection of fast growing new companies, yet there seems little appetite to join the junior market.
At the end of September 2019 there were 882 companies on AIM, with the total market value £94.7bn. This compares with 886 companies at the end of August 2019 when AIM’s market value was £94.2bn. Excluding re-admissions and reverse takeovers, there was one new arrival and five departures in September 2019. The saga at Burford Capital (LON:BUR) rumbles on, with the litigation funder now launching a legal attempt to force the London Stock Exchange to disclose the identities of traders Burford claims manipulated its share price. We aren’t entirely clear what good this will do and the best way of silencing the…