There was a solitary new arrival on AIM in July 2019 with Brexit a clear worry for investors in smaller companies which are largely dependent on the UK market for their future success. Our latest blog introduces the newcomer.
At the end of July 2019 there were 895 companies on AIM, with the total market value £101bn. This compares with 900 at the end of June 2019 when AIM’s market value was £100bn. Excluding re-admissions and reverse takeovers, there was one new arrival and six departures in July.
Sterling’s weakness and the attractive valuations of many UK companies relative to their overseas peers has already seen 16 AIM companies attracting acquisition approaches, most recently Sanderson Group, (which you can read about in this article). AIM broker Allenby Capital reported that four of the acquisitions have come from private equity with the others being from trade buyers. As sterling is likely to remain weak for some time to come, we anticipate overseas buyers continuing to keep a close eye on opportunities on AIM.
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There was a solitary new arrival on AIM in July 2019 with Brexit a clear worry…