October 2019: not a single newcomer joins AIM
In the absence of a concerted effort by the London Stock Exchange and a more supportive political climate, we are fearful that AIM will continue to shrink
At the end of October 2019 there were 876 companies on AIM, with the total market value £96.8bn. This compares with 882 companies at the end of September 2019 when AIM’s market value was £94.7bn. There were no new arrivals and six departures in October 2019, although thankfully one of those is set to rejoin the market following a reverse takeover. We were particularly sad to see London focused residential property developer Telford Homes succumb to a takeover bid by US listed real estate group CBRE Group, Inc. (CBRE). The bid was received not long after Telford had announced an…