AIM market to pick up in 2011, says PwC
Midlands companies now have a better chance of attracting investor attraction from the AIM market, according to experts at PwC. About 60 of the region’s companies are currently listed on the alternative investment market.
The AIM has shrunk in size by about a third over the past two years and now has 1,200 companies listed.
According to PwC’s Securing AIM’s Future report, the number of delistings has risen rapidly, and some regional companies have found it increasingly difficult to win investor attention.
Mark Skedgel, PwC’s AIM leader in the Midlands, said: “The Midlands AIM market has had a good start to the year, with the announcement of Leyshon Resources’ planned readmission at the start of January, which followed some significant floats in the last quarter of 2010. Since floating, these entrants have found that their market value has held up reasonably well and this has underlined a growing confidence in the market.
“As the market rebounds, Midlands companies are also beginning to attract more investor interest. By focusing on core competencies and articulating what they do well and how they differentiate, at the same time as keeping a careful eye on costs, they are able to present a solid platform for growth.”
