Cambridge Index

Cambridge Index eases 0.9%

The Cambridge index declined 234.8 points or 0.9% to close at 26995.4, as seven out of the top ten index heavyweights posted weekly losses to their share prices. DS Smith, down 3.1%, in its interim results for the six months ended 31 October 2019, announced that revenues rose to £3.2b from £3.1b posted in the same period last year. Its profit before tax increased to £213m from £162m reported in the previous year, while its basic earnings per share advanced to 12p from 9.5p in the previous year. The company’s board declared an interim dividend of 5.4p per share, payable on 1 May 2020 to shareholders on the register as at 14 April 2020. Berenberg reiterated its “Buy” rating, UBS reconfirmed its “Neutral” rating and Peel Hunt reissued its “Buy” rating on the stock.

SDI Group, up 4.5%, announced that it has acquired Chell Instruments, a manufacturer of pressure, vacuum and gas flow measurement instruments, for a consideration of £4.3m and an additional cash payment for net assets at completion. The Board also announced that it has taken a 3-year amortising term loan of £4.8m, in agreement with HSBC Bank Plc, to add to the Senior Facility of £5m (not fully drawn), with the end date of both facilities being April 2023. Brady, unchanged at 17.7p, informed the London Stock Exchange its intention for terminating trading of its ordinary shares on AIM, after Hanover Acquisition Limited acquired more than 75% of its shares at 1p each in accordance with Hanover's proposed mandatory final offer. Following the cancellation, Hanover will seek to re-register Brady as a private limited company.

Amino Technologies, down 1.9%, announced an agreement with Dutch MVNO Youfone for the provision of next-generation TV service. 

UK markets closed in the red last week, weighed down by losses in mining and energy sector stocks. The UK’s construction PMI rose in November, whereas the Halifax house price index advanced in the three months ended November. Britain’s services PMI contracted in November, and the manufacturing PMI fell for the seventh consecutive month in the same month. The FTSE 100 index declined 1.5% to settle at 7239.7, while the FTSE AIM 100 index fell 2.1% to close at 4647.7. Meanwhile, the FTSE techMARK 100 index lost 1% to end at 5698.4.

US markets ended lower in the previous week, after the US President, Donald Trump, signalled a possible delay in the trade deal with China until after the 2020 presidential election. The US non-farm payrolls advanced by the most in 10 months in November, whereas the manufacturing PMI climbed to its highest level in 6 months in November. Additionally, the US unemployment rate fell to its lowest level in 50 years in November, while the trade deficit narrowed to a 16-month low level in October. The DJIA index fell 0.1% to end at 28015.1, while the NASDAQ index lost 0.1% to close at 8656.5.


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, fell 3.3% to 29p.

Bango PLC

Bango PLC, a developer and provider of technology for mobile phones, surged 8.9% to 140p.

Cambridge Cognition Holdings PLC

Cambridge Cognition Holdings PLC, which specialises in computerised neuropsychological tests, plummeted 8.3% to 27.5p and emerged as the top loser in the Cambridge Index.

Dialight PLC

Dialight PLC, a provider of electronic lighting and electromagnetic products, rose 5% to 265p.

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, declined 4.6% to 156p.

IQGeo PLC

IQGeo PLC (former Ubisense Group PLC), a market leader of real-time location solutions, skyrocketed 21.6% to 53.5p and emerged as the top gainer in the Cambridge Index.

Kier Group PLC

Building, civil engineering and property development group, Kier Group PLC, dropped 4.5% to 84.5p.

Sareum Holdings PLC

Sareum Holdings PLC, which is engaged in the structure-based drug discovery business, rallied 16.4% to 0.4p.

Science Group PLC

Science Group PLC (former Sagentia Group PLC), an international technology consulting and IP licensing firm, advanced 5.8% to 239p.

Xaar PLC

Xaar PLC, a provider of inkjet printing technology, eased 3.2% to 61p. The company announced the successful completion of the recommended rise of investment by Stratasys in Xaar 3D with the option for its acquisition of within a period of 3 years, following the receipt of funds.

Other movers

Amino Technologies PLC

Amino Technologies PLC, a leader in digital entertainment solutions for IPTV, Internet TV and in-home multimedia distribution, dropped 1.9% to 104.5p. Today, the company announced an agreement with Dutch MVNO Youfone for the provision of next-generation TV service. FinnCap restated its “Corporate” rating on the stock.

Brady PLC

Brady PLC, a provider of transaction and risk management solutions for metals and commodities, remained unchanged at 17.7p. The company has informed the London Stock Exchange its intension for terminating trading of its ordinary shares on AIM, after Hanover Acquisition Limited acquired more than 75% of its shares at 1p each in accordance with Hanover's proposed mandatory final offer. Following the cancellation, Hanover will seek to re-register Brady as a private limited company.

DS Smith PLC

DS Smith PLC, a manufacturer and distributor of paper and plastic packaging products, eased 3.1% to 370p. The company, in its interim results for the six months ended 31 October 2019, announced that revenues rose to £3.2 billion from £3.1 billion posted in the same period last year. Its profit before tax widened to £213 million from £162 million reported in the previous year, while its basic earnings per share advanced to 12p from 9.5p in the previous year. The company’s board declared an interim dividend of 5.4p per share, payable on 1 May 2020 to shareholders on the register as at 14 April 2020. Berenberg reiterated its “Buy” rating on the stock. UBS reconfirmed its “Neutral” rating on the stock. Peel Hunt reissued its “Buy” rating on the stock.

SDI Group PLC

SDI Group PLC (former Scientific Digital Imaging PLC), a digital imaging technology company, advanced 4.5% to 70p. The company announced that it has acquired Chell Instruments, a manufacturer of pressure, vacuum and gas flow measurement instruments, for a consideration of £4.3 million and an additional cash payment for net assets at completion. The Board also announced that it has taken a 3-year amortising term loan of £4.8 million, in agreement with HSBC Bank Plc, to add to the Senior Facility of £5 million (not fully drawn), with the end date of both facilities being April 2023.

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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