Cambridge Index

Cambridge Index drops 2.1%

The Cambridge index eased 594.5 points or 2.1% to close at 27,350.3, as seven out of the top ten index heavyweights posted weekly losses to their share prices.

Vernalis, up 0.7%, announced that Dr Ian Gilham has resigned as a Non-Executive Director and Chair of the Remuneration Committee with immediate effect. Furthermore, Vernalis stated that Carol Ferguson, a member of the Remuneration Committee, will immediately take his position as the Chair of the Committee. Peel Hunt reduced its target price on Horizon Discovery Group, unchanged at 190p, to 177p from 181p and gave a “Hold” rating.

Netcall, down 0.4%, announced that it has successfully renewed a minimum £1.6m contract for three years with a leading UK bank for its Low-code platform, MATS. Separately, Netcall informed that it has changed its registered office address to 1st Floor, Building 2, Peoplebuilding Estate, Maylands Avenue, Hemel Hempstead, Hertfordshire, with immediate effect. FinnCap reissued its “Corporate” rating on the stock. Marshall Motor Holdings, down 0.6%, in its interim results for the six months ended 30 June 2018, announced that revenues slightly dropped to £1162.9m from £1187.4m reported in the same period last year. Its profit before tax eased to £17.2m from £18.6m, while the basic earnings per share slid to 17.5p from 18.6p in the previous year. The board has declared an interim dividend of 2.15p per share, payable on 21 September 2018 to shareholders on the register as at 24 August 2018. Furthermore, the company left its current outlook unchanged for 2018. Gaming Realms, down 1.1%, announced the successful completion of proposed transaction of selling a 70% stake in most of its UK online casino B2C business to River UK Casino Limited. The company also disclosed that it has received an initial consideration payment of £4.2m in cash.

UK markets ended in the red last week, dragged down by losses in energy and mining sector stocks. In economic news, the UK ILO unemployment rate unexpectedly fell in June. Meanwhile, the nation’s inflation advanced for the first time since November 2017 in July, while the house price index rose in June. Also, the British retail sales unexpectedly climbed in July. The FTSE 100 index declined 1.4% to settle at 7558.6, while the FTSE AIM 100 index fell 0.6% to close at 5739.5. Meanwhile, the FTSE techMARK 100 index lost 0.8% to end at 4733.9.

US markets ended mixed in the previous week. On the data front, the US small business optimism index surprisingly advanced in July, while the advance retail sales climbed more-than-expected in the same month. Furthermore, the nation’s industrial production rose in July, while its manufacturing production jumped for the second straight month in July. Additionally, the number of Americans filing for unemployment benefits unexpectedly dropped for the second straight week in the prior week, while the US homebuilders’ sentiment index fell to an 11-month low in August. The DJIA index rose 1.4% to end at 25669.3, while the NASDAQ index lost 0.3% to close at 7816.3.


The Cambridge & FTSE AIM 100 Index Movement

Sector Break-up - Market Cap.

Sector Break-up - No. of Comps.

Index movers

1Spatial PLC

1Spatial PLC, the spatial big data company, which manages the world’s largest spatial data, jumped 5.1% to 4.2p and emerged as the top gainer in the Cambridge Index.

Abcam PLC

Abcam PLC, a producer and distributor of research-grade antibodies, edged 0.6% higher to 1460p.

AVEVA Group PLC

Engineering technology company, AVEVA Group PLC, rose 0.8% to 2634p.

Bango PLC

Bango PLC, a developer and provider of technology for mobile phones, fell 6.2% to 152p.

DS Smith PLC

DS Smith PLC, a manufacturer and distributor of paper and plastic packaging products, dropped 4.3% to 490p.

Frontier Developments PLC

Frontier Developments PLC, a leading independent developer of video games, declined 6.4% to 1025p.

LPA Group PLC

LPA Group PLC, a provider of electronic and electro mechanical systems, slipped 4.2% to 103p.

RhythmOne PLC

RhythmOne PLC (former Blinkx PLC), the leading video search engine, dropped 6.9% to 188p and emerged as the top loser in the Cambridge Index.

Science Group PLC

Science Group PLC (former Sagentia Group PLC), an international technology consulting and IP licensing firm, gained 0.4% to 236p.

Vernalis PLC

Shares of biotech firm, Vernalis PLC, added 0.7% to 6.1p. The company announced that Dr Ian Gilham has resigned as a Non-Executive Director and Chair of the Remuneration Committee with immediate effect. Furthermore, Vernalis stated that Carol Ferguson, a member of the Remuneration Committee, will immediately take his position as the Chair of the Committee.

Other movers

Gaming Realms PLC

Gaming Realms PLC (former PDX PLC), an online gaming operator, developing free-to-play and real-money products, fell 1.1% to 8.7p. The company announced the successful completion of proposed transaction of selling a 70% stake in most of its UK online casino B2C business to River UK Casino Limited. The company also disclosed that it has received an initial consideration payment of £4.2 million in cash.

Horizon Discovery Group PLC

Horizon Discovery Group PLC, the life science company supplying research tools to organisations engaged in genomics research and the development of personalised medicines, remained unchanged at 190p. Peel Hunt reduced its target price on the stock to 177p from 181p and gave a “Hold” rating.

Marshall Motor Holdings PLC

Marshall Motor Holdings PLC, one of the UK's leading automotive retail and leasing groups representing a unique portfolio of prestige and volume brands and with the highest brand coverage of any dealer group in the UK, lost 0.6% to 156p. The company, in its interim results for the six months ended 30 June 2018, announced that revenues slightly dropped to £1162.9 million from £1187.4 million reported in the same period last year. Its profit before tax eased to £17.2 million from £18.6 million, while the basic earnings per share slid to 17.5p from 18.6p in the previous year. The board has declared an interim dividend of 2.15p per share, payable on 21 September 2018 to shareholders on the register as at 24 August 2018. Furthermore, the company left its current outlook unchanged for 2018.

Netcall PLC

Netcall PLC, a provider of call-back, auto-messaging and contact solutions, edged 0.4% lower to 70p. The company announced that it has successfully renewed a minimum £1.6 million contract for three years with a leading UK bank for its Low-code platform, MATS. Separately, Netcall informed that it has changed its registered office address to 1st Floor, Building 2, Peoplebuilding Estate, Maylands Avenue, Hemel Hempstead, Hertfordshire, with immediate effect. FinnCap reissued its “Corporate” rating on the stock.

The Cambridge & FTSE AIM 100 Index Movement

Sector Break-up - Market Cap.

Sector Break-up - No. of Comps.

Table 1 Cambridge Index  Weekly Top 5 Gainers

Table 2 Cambridge Index  Weekly Top 5 Losers

Table 3 Cambridge Index  Top 5 Weights

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