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Summary
- AIM, a submarket of the LSE, has been created to help smaller companies to go public to access capital.
- The AIM has much more regulatory flexibility and has helped in raising more than £115 billion for about 3,865 companies.
The London Stock Exchange (LSE) has a submarket known as the Alternative Investment Market (AIM). By design, AIM was created to help smaller companies to go into the public market to access capital. The AIM has much more regulatory flexibility than the LSE main market, thereby making it easier for these small companies to raise capital.
It was launched in 1995 and has since then has helped in raising more than £115 billion for about 3,865 companies. Since its a more speculative investment platform because of flexible regulations, these investments usually have higher risk potential, which could also mean bigger returns.
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Here are 10 AIM listed stocks to consider for July.
- ASOS Plc (LON:ASC)
ASOS shares have a market capitalisation of £5,027.80 million and a one-year return of 43.30 per cent. For the six months up to 28 February, the company’s revenue was up 24 per cent to £1,975.9 million from £1,596.8 million in the same period a year ago. Retail sales were up 24 per cent to £1,919.9 million compared to £1,551.4 million a year ago. The company’s customer base was up 1.5 million to 24.9 million, up 1.5 million over six months.
The shares of the company were down 0.28 per cent at GBX 5,022 on 30 June at 14:08 GMT+1.
- Boohoo Group Plc (LON:BOO)
Boohoo Group shares have a market capitalisation of £3,989.61 million. The company reported at a 32 per cent increase in revenue for the three months ended 31 May to £486.1 million from £367.8 million in the same period a year ago. The company managed to successfully integrate brands like Wallis, Dorothy Perkins, and Burton into their multi-brand platform.
The shares of the company were trading at GBX 314.60, down 0.35 per cent on 30 June at 14:08 GMT+1.
- Hutchmed (China) Limited (LON:HCM)
The company has a market capitalisation of £3,536.45 million. The company recently announced that it got into a definitive agreement to issue $100 million shares at a price of US$30.5 per American Depositary Share through a private placement to funds associated with Baring Private Equity Asia. It agreed to issue ordinary shares worth 16,393,445 at a par value of $0.10 each.
The shares were trading up 15.16 per cent at GBX 547 on 30 June at 14:08 GMT+1.
- ABCAM Plc (LON:ABC)
ABCAM Plc had a market capitalisation of £3,276.50 million. For the half-year ended 31 December, the company’s revenue increased to £147.5 million compared to £138.2 million in the same period a year ago. Profit before tax fell to £13.8 million compared to £26 million a year ago. The gross profit margin increased to 70.9 per cent from 69.7 per cent a year ago.
The shares of the company were trading down by 3.39 per cent at GBX 1,396 on 30 June at 14:08 GMT+1.
- Fevertree Drinks Plc (LON:FEVR)
Fevertree Drinks Plc had a market capitalisation of £3,025.09 million. The company’s total revenue fell 3 per cent to £252 million from £260 million a year ago. Gross profit fell 12 per cent to £116.3 million from 131.5 million a year ago. It said that it expected to deliver growth in revenue between 12 per cent and 16 per cent in 2021.
The shares of the company were down 0.62 per cent and were trading at GBX 2,580 on 30 June at 14:08 GMT+1.
- ITM Power Plc (LON:ITM)
ITM Power Plc market capitalisation of £2,700.43 million. For the year ended 30 April, the company’s projects in progress were up 62 per cent to £35.4 million compared to £21.8 million. Contract backlog increased 194 per cent to £154 million compared to £52.4 million. Tender pipeline was up 131 per cent to £607 million compared to £263 million a year ago.
The shares of the company were down 6.73 per cent, trading at GBX 457.20 on 30 June at 14:08 GMT+1.
- Jet2 Plc (LON: JET2)
Jet2 Plc had a market capitalisation of £2,530.75 million. The company recently announced a new £150 million worth of term loan and £375 million worth of backed unsecured unrated convertible bonds with a maturity in 2026.
The shares were up 0.76 per cent and were trading at GBX 1,188.50, on 30 June at 14:08 GMT+1.
- RWS Holdings Plc (LON: RWS)
RWS Holdings Plc had a market capitalisation of £2,207 million. For the six months ended 31 March, the company reported a 92 per cent increase in revenue at £326.4 million compared to £169.7 million in the same period a year ago. Adjusted profit before tax was up 53 per cent to £50.5 million from £33.1 million a year ago.
The shares of the company were down 0.97 per cent at GBX 561 on 30 June at 14:08 GMT+1.
- Ceres Power Holdings (LON:CWR)
Ceres Power Holdings had a market capitalisation of £2,178 million. For the eighteen months ended 31 December, the company’s revenue and operating income increased to £33 million from £16.4 million 12 months ended 30 June 2019. Gross profit increased to £21.3 million compared to £11.5 million for the 12 months ended 30 June 2019.
The shares of the company were down 7.17 per cent and were trading at GBX 1,062 on 30 June at 14:08 GMT+1.
- Breedon Group Plc (LON:BREE)
Breedon Group Plc had a market capitalisation of £1,904.68 million. The company recently announced acquiring of Micromix (Northern) Limited, which is a concrete operator based in Dublin. It operates a fleet comprising 25 mixer trucks.
The shares of the company were down 2.84 per cent and were trading at GBX 109.60 on 30 June at 14:08 GMT+1.
