At Hoodless Brennan Plc, we specialise in smaller quoted companies.
By this we mean those with a market capitalisation of £50 million or less. We do not hold rigidly to a £50 million cut off point, but the bulk of our analytical resources are in this area. The AIM statistics for May 2007 reports 1,102 companies quoted on AIM with a market capitalisation of £50 million or less, and of those 835 have a value of £25 million or less. And they keep coming.
It could be argued that, with so many companies quoted on AIM, M&A activity should be rife. However, that activity appears to be quite low.
One reason perhaps is the limited amount of investment research on AIM companies, particularly smaller ones. Most of the time, these smaller companies fall well below the radar of investment criteria of larger institutions and fund managers.
Nevertheless, we believe this is fertile ground for investment, and whilst they may not fit fund criteria, they do fit the profile for many private investors looking for higher returns, and recognising the risks of greater volatility.
In this Edition
* Based on market survey as at 14th June 2007, conducted by Hoodless Brennan plc and based upon www.moneysupermarket.com surveys completed at intervals over the last four years at Hoodless Brennan's previous £7 flat rate commission fee based on trading once per month £1,000 worth of shares.
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