News blog
Aim Awards 2007
- BY: Andrew Hore |
- POSTED: 16/10/2007 |
The annual AIM awards are coming up this Thursday evening (18 October).
Award times can strike fear into many investors. They worry that if a company they have invested in wins an award that this could mark the beginning of the downturn in its fortunes. However, if last year’s winners of the Aim awards are anything to go by then there is no reason to worry.
A portfolio of the 10 companies would have yielded a gain of just over 28% over the past 12 months. The dinner was held on 26 October last year so this period includes just over a week before the winners were announced. That means it misses any initial bounce following the announcement of the award.
Only two out of the ten award winners in 2006 have fallen in value in the past 12 months. The fallers include herpes treatment developer Henderson Morley, the winner of the best performing share award, which appears to have suffered from some profit-taking during the past year. It was the worst performer of the 10 award winners with a 13.6% drop over the year. Many of the winners of this award, including software developer Raft International and in particular Bangladesh coal mine developer Asia Energy (now known as Global Coal Management), have suffered sharper falls in the year after they won.
In contrast with Henderson Morley, Griffin Mining, which was the best performing share over five years, managed to keep up its momentum. It rose by one-third.
Software Radio Technology, the winner of the best technology award, suffered an 11.1% decline in its share price even though it has been winning orders for its marine tracking and Tetra wireless technologies.
The best performer was best communications winner Asos, the online clothing retailer, which jumped 70.1%. It was closely followed by international company of the year, Bateman Engineering NV. Shares in the mining plant and equipment supplier rose 65.2%. Restaurant operator and Aim transaction of the year winner Clapham House rose 52.1%.
Synergy Healthcare, the winner of the prestigious Company of the year award, is 30.9% higher.
The laggard among the risers, Best use of Aim winner BBI, still rose 12.3%. Best newcomer and restaurants operator Carluccio’s managed a 20.1% gain and RAB Capital, whose boss Philip Richards won entrepreneur of the year, moved ahead by 21.4%.
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