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AIM
After pushing past the 1,200-point mark and looking like it was going to touch last year’s five-year high, the AIM Index crumpled slightly in late July under wider economic concerns, entering August down 25 points at 191.3.
Indian property investor Trinity Capital pleased the market with final results that demonstrated its investments had appreciated 74 per cent to a value of £216 million at the March year end. Taking advantage of the shares’ discount to net asset value of 124p a share, the fund’s manager Trikona picked up almost £500,000 worth at a price of 86p.
Over at catalogue and internet retailer Flying Brands, chief executive Mark Dugdale revealed the company is on the hunt for further acquisitions after interim results demonstrated flat profits on sales up 20 per cent to £254.2 million.
There was a doubling in profits to US$3.8 million for Israel-based MTI Wireless Edge, the maker of antennae for wireless broadband. Its shares finished the month only half a penny ahead at 47.5p.
Shares in customer promotions provider MKM shot up 32 per cent to 9.25p on the day it announced a turnaround from losses to pre-tax profits of £456,000 for the year to March as well as the acquisition of Australian sales promotion business Leapfrog for £7 million.
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