Tough to value | AI excitement | Ahead of the pack
Our coverage here focuses on several AIM micro-caps operating in very different sectors. An oil and gas engineering services group is a shadow of its former self and this sector is not for the faint-hearted. While there is evident potential from its curent low base, we fear the business is in urgent need of an immediate cash injection. Elsewhere, it’s a different story for an online wine retailer, which is awash with cash as it successfully navigates a very tricky market. Read on here for our usual forthright opinion on this and other news, including a compelling Artificial Intelligence play.
Number of companies on AIM falls again With another 10 cancellations in September and only one new admission, the number of companies on AIM fell to just 695 at the end of September. That’s broadly the same number of companies on London’s junior market at the end 2002, some 22 years ago. For the year to date, there have been 72 departures from AIM and 14 new arrivals. The overall market value of AIM fell by 5.5% in the month to £71.9 billion. While some of that decline was down to the companies leaving (E.g. Mattioli Woods was acquired for…