Bonkers valuations hit the rocks
The market massacre of the last few weeks has caused havoc for many of AIM’s more speculative companies. But that could spell opportunity for investors hunting for a bargain.
AIM has been carnage in the last few months. The market has fallen 19% since the end of August which has come as a nasty shock to investors who had been enjoying the longest growth period in history – between early 2009 and the summer of 2018, London’s junior market had climbed 188%. Few have escaped unscathed. Almost all the companies which have reported numbers at some point since September have taken a knock and those which have been forced to announce bad news have been completely hammered. The worst hit are those companies which had (and in some cases…