AIM news

The AIM All-Share index dipped and rose slightly but essentially failed to move much over the course of February, starting at 667.27 points and closing at 667.24 as the market took a breather.

The sharpest fall over the month was suffered by North West housebuilder Eatonfield, falling 72.5 per cent after it warned of an imminent need to secure £1.5 million of short-term funding.  

Up-and-coming Indian power generator OPG Power Ventures was dragged back a considerable 28 per cent over the month to 60p after a crucial boiler component failed, delaying the commissioning of a new 77 megawatt plant by ‘a number of weeks’.

On the leader board, the top riser was Intandem Films, which sold five films – including Keanu Reeves vehicle Johnny Mnemonic – for a book profit of £4.3 million and in turn settled an outstanding debt. Its bombed-out shares soared 109 per cent to a still-lowly 2.88p.

There was also big news for confectionary and snack bar maker Glisten, AIM-listed since 2002, which jumped to almost a year’s high of 137.5p after Finnish food group Raisio had a 140p bid accepted by the company’s board. A dividend payer for many years, Glisten was floated at 80p and rose as high as £4 at its peak.