The challenge for companies targeting AIM 13/08/2010
With AIM investment advisers speaking of ‘cautious optimism’ and a ‘stronger deal pipeline’, Robert Tyerman assesses whether we are soon to see a deluge of new issues
Those in the know at broker Seymour Pierce have taken aim at a variety of stocks this results season. In mining, analyst Charles Kernot looked at AIM-quoted Leyshon Resources following a period of positive newsflow from the company.
Earlier this month Leyshon announced it had found more high-grade veins at China's Zheng Guang gold, silver and zinc project. Drilling at Zheng Guang in north-east China's Heilongjiang area has intersected epithermal veins with values including 16 metres at 10.89 grammes of gold per tonne of ore and two metres at 53.74 grammes a tonne. Kernot reiterates his ‘buy’ recommendation and 25p target price.
Analyst Charles Peacock says Avanti Screenmedia is one to buy after the company announced the ‘long-awaited’ contract to supply Spar-TV to Tates Ltd, the largest Spar multi-site operator. The deal is estimated to be worth around £9.4 million to Avanti over five years, with Peacock estimating around one third of this to be accrued during the current financial year. Avanti announced solid full-year results in early October and Seymour Pierce maintains its ‘buy’ position given its future prospects.
Retail sector-focused software developer Torex Retail has announced a new chief executive in Neil Mitchell, with Chris Moore taking on the responsibilities of a non-executive operational role as chairman. Analyst Derek Brown expects to see a statement from the company around its year-end in December. He says trading remains strong at Torex and, despite ‘negativity surrounding the stock’, the pipeline looks solid for 2006 and beyond. Accordingly, Torex should ‘outperform’.
More breaking news stories.
More extended feature articles.
And a depth of analysis you
can't find anywhere else.
Advertisement
VCT Report 2010 uncovers the money available
for investment in every single VCT, helping you get one step ahead in the race to attract funding for your unquoted, AIM-listed or PLUS-quoted
company.
Order VCT Report 2010 today using this online form
A comprehensive overview of cash shells on AIM and PLUS, companies that have become a significant feature on the market landscape. For more information and to order, click here or contact our marketing team on 020 7250 7056.
Informative features and research on fast-growing companies, small-cap and growth stocks, penny shares, stock market tips and share recommendations, directors' dealings, company news and analysis, new issues and upcoming IPOs.
is the definitive and most up-to-date guide to completing your self-assessment tax return, making sure that you get it right and on time, and showing how you can save tax. For more information and to order, click here or contact our marketing team on 020 7250 7056.
A full year's subscription to What Investment magazine for £19.95, a whopping 58% off. Get the latest news, features and expert advice on ISAs, Investment Trusts and Funds, SIPPS, Investing for Children and much much
more. Find out more here.
The new, fully updated AIM Guide is now available to buy for only £49.95 (saving you £30).
A 'must-have' for any serious investor or professional interested in the market for young, fast-growing companies. Order your copy today Hurry, as offer ends soon!
In-depth coverage of selected AIM companies within the small-cap and fast growing company sector including AIM and PLUS Markets shares and listed stocks. Company research and analysis from GCI analysts updated daily.
Advertisement
With AIM investment advisers speaking of ‘cautious optimism’ and a ‘stronger deal pipeline’, Robert Tyerman assesses whether we are soon to see a deluge of new issues
Accountancy firm PricewaterhouseCoopers has bearishly declared that by 2015 there is ‘a 50 per cent chance that property prices will be below 2007 levels’.
As Tajikistan-focused gold explorer Kryso Resources celebrates the appointment of experienced gold miner Andre Gaston as chief operating officer, London public relations outfit Walbrook has announced to an unsuspecting world that it has won the PR account for the AIM-quoted company.