Momentum: 5 Micro Cap Companies, with Revenue Growth, Trading at 3 Month Highs
Taking Stock on Wednesday 6th December 2023
Momentum: 5 Micro Cap Companies, with Revenue Growth, Trading at 3 Month Highs
These are companies with a market capitalisation below £100m, with revenue growth, whose share price is at a 3 month high.
Companies mentioned on Taking Stock today:
01:38 British American Tobacco #BATS
04:30 Silver Bullet Data Services #SBDS
06:20 Bushveld Minerals #BMN
07:52 Ilika #IKA
09:40 Mindflair #MFAI
09:41 Sure Valley Ventures #SURE
10:39 Oxford Metrics #OMG
11:10 Ten Entertainment #TEN
11:37 & 44:40 XP Factory #XPF
16:30 Redde Northgate #REDD
23:25 GS Technologies #GST
26:10 Belvoir #BLV
26:55 Essensys #ESYS
27:25 Skillcast #SKL
28:40 Intercede Group #IGP
30:00 Wentworth Resources #WEN
30:30 Serica Energy #SQZ
31:45 Power Metals Resources #POW
32:38 System1 #SYS1
35:04 Tui plc #TUI
36:15 Destiny Pharma #DEST
38:25 Geiger Counter #GCL
40:45 Taylor Wimpey #TW.
42:54 Supreme #SUP
TOP BUSINESS STORIES
UK construction sector contracts sharply in November-PMI
Britain's construction sector activity fell sharply for a third month in a row in November, led by an ongoing slump in house-building as it bears the brunt of higher Bank of England interest rates, a survey showed on Wednesday.
The S&P Global/CIPS UK construction Purchasing Managers' Index (PMI) edged down to 45.5 from October's reading of 45.6, well below the 50.0 growth threshold and the second-lowest reading since early in the COVID-19 pandemic.
Lower prices for steel and timber and generally weaker demand pushed down raw material costs at the fastest rate since July 2009.
The slump in construction contrasts with a more positive, though still sluggish, picture in the wider economy. The all-sector PMI rose to 50.2 in November, Wednesday's report showed, its highest since July and up from October's 48.4. It was bolstered mostly by Tuesday's more upbeat services release.
UK investors pull money from property funds in November
UK investors pulled money from real estate funds for the second month running in November, but sentiment towards equity and fixed-income funds improved, fund network Calastone said on Wednesday.
Investors withdrew 88 million pounds ($110.70 million) from real estate funds overall last month, making it the second-worst month of the year for property funds after August's 121 million-pound net outflow, according to Calastone's data.
Travel giant considers leaving London Stock Exchange
Tui, one of world's largest travel firms, has said it is considering quitting the London Stock Exchange in favour of a listing in Frankfurt.
The holiday giant said some shareholders had asked whether its UK listing was "optimal and advantageous".
The move would deal another blow to London's attractiveness as a base for big firms, with several opting to list on exchanges overseas in recent years.
TUI said it was considering putting the plan to a shareholder vote next year.
The firm, which has had its main listing on the London Stock Exchange since 2014, already has a secondary listing in Frankfurt.
Bosses said they would consider an "upgrade" to list on Germany's main stock exchange at the group's annual general meeting in February, but added delisting from London would require the backing of at least 75% of shareholders.
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.