AIM higher

The number of AIM listed companies that have delisted because of financial stress or insolvency have jumped by 183% to 34 in the last quarter to end of June 2009, up from 12 in the preceding quarter. On a more positive note, however, the research, from City law firm, Trowers and Hamlins, and accountancy group, UHY Hacker Young, suggests the overall number of AIM delistings may now be subsiding. Trowers and Hamlins partner Charles Wilson predicts more takeover activity “as there are still plenty of companies on AIM where their market capitalisation is significantly lower than the value of their assets”.