News blog

AIM 50 Digest 7 November 2025

BY: Andrew Hore |
POSTED: 07/11/2025 |

Idox (IDOX) is recommending a 71.5p/share cash bid from Long Path Opportunities Fund. This values the public sector software and services company at £339.5m. Long Path has been a long-term shareholder, and it owns 12% of Idox. The belief is that as a private company Idox will be able to take a longer-term view and invest in new technology with the backing of Long Path.
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Cavendish has upgraded its 2025 forecast for MP Evans (MPE) for the third time this year because of the strong crude palm oil price. The average mill-gate price estimate has been raised from $830/tonne to $850/tonne. Full year forecast revenues have been raised to $374m and pre-tax profit is expected to be $136.3m. Earnings have been raised from 195.3 cents/share to 202.8 cents/share.
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Hargreaves Services (HSP) has made initial renewable asset sales earlier than anticipated. The assets sold are two wind farms and three access agreements in South Lanarkshire. The total expected value of the disposal to Meadow Partners is £12.6m, which is in line with the appraised valuation, although it is well above book value of £4m. The initial payment is £8.8m with additional payments of at least £3.8m by September 2029. The additional payments could be as high as £5m. They depend on wind levels. Chief executive Gordon Banham bought 7,600 shares at 650p each, taking his stake to 8.45%.
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Next 15 (NFG) has sold capital markets advisory businesses The Blueshirt and Blueshirt Capital Advisors, while retaining a minority stake. There were talks to sell other parts of the business, but they have ended. Following this news directors Mark Astaire bought 3,000 shares at 310.1962p each and 6,500 shares at 307.3p each, while Mickey Kalifa bought 31,250 shares at 320.4244p each.
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Video games developer Frontier Developments (FDEV) says Jurassic World Evolution 3 has sold better than expected. More than 500,000 units were sold in just over two weeks. Zeus has increased its 2025-26 forecast revenues from £94m to £98m, while operating profit has been raised from £6.3m to £8.2m. Next year a sequel to Planet Zoo will be released. Zeus has raised its target share price to 620p.
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Serica Energy (SQZ) has agreed to buy a 40% interest in North Sea licence P2530, containing the Wagtail discovery, from Finder Energy for $650,000. If there is a commitment to drill, there will be a further payment of £940,000. If there is a commercial find, it can be linked to the Triton FPSO.
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Vertu Motors (VTU) has acquired a SKODA dealership in Leicester from Marshall Motor. It has five SKODA dealerships. Operations director Christopher Taylor sold 57,452 shares at 62.68p each.
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Rockwood Strategic has taken a 4% stake in M and C Saatchi (SAA). The share price has fallen by nearly two-fifths over the past year. Fellow AIM company Brave Bison approached the advertising and marketing services company about acquiring the performance division, but this was rebuffed as undervaluing the business which is a core part of the group. Panmure Liberum has downgraded its forecast 2025 group pre-tax profit from £30.4m to £27.8m due to uncertain macro factors.
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Translation and software services provider RWS (RWS) estimates that it made a pre-tax profit of £60m on broadly flat revenues on a constant currency basis in the year to September 2025. The profit was at the bottom of the guidance range. There was growth in AI, but regulated industries business declined. Net debt was £26m at the end of September 2025. Since then, the company has been restructured. Deutsche Bank cut its share price target from 195p to 175p. The results will be published on 11 December.
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In the year to June 2025, Dotdigital (DOTD) increased revenues 6% to £83.9m, after the loss of a contract, while pre-tax profit was £19m. Net cash is £36m. Canaccord Genuity has edged up its 2025-26 pe-tax profit forecast to £19.9m.Dotdigital is well placed to take advantage of growing marketing spending and use of its AI tools.
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Grocery distributor Kitwave (KITW) says 12 month figures to October 2025 are in line with the previously downgraded forecasts. The year end is being changed to December. Two depots have been closed and there could be further rationalisation. Gross margins should start to recover following a period of reduced margins to retain customers.
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Engineering services provider Renew Holdings (RNWH) has renewed its revolving credit facility on improved terms. It has increased from £120m to £140m for a four-year term. This facility provides scope for further acquisitions.
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Begbies Traynor (BEG) published Red Flag Alert data showing the number of companies in critical financial distress was 78% higher over the year at 55,530. Consumer businesses are the mot under pressure. There are 726,594 firms in significant financial distress and these include utilities and property companies.
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Redcentric (RCN) says that its continuing IT managed services activities generated interim revenues of £67m, down from £69m. The focus on margin meant that EBITDA edged up to £9.1m. The disposal of the datacentres business should be completed in early 2026.
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AB Dynamics (ABDP) will report results for the year to August 2025 on 11 November. The automotive testing services provider has promoted Sarah Matthews-DeMers to chief executive from 1 December. The current chief executive James Routh will leave the company at the end of 2025.
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Big Technologies (BIG) interim chair Sangita Shah bought 73.170 shares at 70p each and executive director Charles Lewinton sold 500,000 shares at 69p each, having been awarded 1.19 million shares. Gresham House Asset Management has increased its stake in Franchise Brands (FRAN) from 4.34% to 5.18%.
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Deutsche Bank raised its share price target for Polar Capital (POLR) from 625p to 700p. Day raised its share price target for Sigmaroc (SRC) from 105p to 148p, while Berenberg initiated with a target of 120p.

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