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The Aim 100: part two

We continue the countdown of Aim's biggest companies - this week we analyse the junior market's top 50
April 26, 2013

Aim may be known as London's junior market, but that's increasingly nothing to do with the size or maturity of the companies it is home to. Its oldest member can trace its history back to 1533, and many other Aim companies have been around for decades. It also boasts a fair smattering of companies that are significantly larger than many of their counterparts on the main board. The biggest company on Aim is now capitalised at £2.8bn - were it listed on the main market that would leave it knocking on the door of the FTSE 100. It isn't an oil or mining company, either - although there are plenty of these in the Aim 100.

This particular company's meteoric rise is exactly why Aim remains such an exciting market - a place where it's still possible to buy into companies at the beginning of their growth journeys. Just 10 years ago you could have bought that company's shares for just 5p - today they're worth more than £31 each. That represents a return in excess of 60,000 per cent, an all the more impressive gain given that, just as its business began to take off in 2005, the biggest ever explosion in peacetime Britain destroyed much of its business.

Such a disaster perhaps highlights the risks inherent in some of Aim's smaller companies - their size can leave them at the mercy of uncontrollable events that can knock them for six. But the remarkable story of Aim's largest company belies a myth that has made some investors wary of Aim - that its looser listing requirements attract unscrupulous owners and managers whose only goal is to cash in at the expense of investors. The story of Aim's largest company belies that in one fell swoop, demonstrating an entrepreneurial vision and persistence which is often said to be so lacking in the UK but which is common on Aim's boards.

We started our countdown of Aim's largest companies last week, and continue with the top 50 this week. We've also provided a new table for the whole Aim 100, updating the columns that indicate the inheritance tax exemption (or business property relief, as its more accurately known) that many Aim shares enjoy. Thanks to Sean Flanagan at private client stockbroker Charles Stanley for this more comprehensive list. However, because the HMRC doesn't actually publish a list of BPR qualifying shares, we still recommend you seek IHT planning advice from experts such as Charles Stanley.

 

Aim 100: 50 to 1*

RankCompany1-year change (%)
50Hargreaves Services-31.2
49Dolphin Capital Investors 57
48OptimalPayments154.1
47Iomart64.9
46Hutchison China Meditech7.5
45Polar Capital50.6
44Max Property26.2
43Tyman57.8
42LXB Retail Properties-0.9
41Iofina417.8
40Majestic Wine1.1
39RWS27.7
38Bowleven-4
37Pan African Resources-5.7
36MP Evans8.3
35Sirius Minerals3.7
34Geopark14.3
33Eros International-16.8
32Petroceltic International-20
31Ithaca Energy (LON)-43.1
30Faroe Petroleum-18.3
29Secure Trust Bank76.5
28Sierra Rutile5
27Blinkx57.8
26Highland Gold Mining-30.6
25Nanoco133.9
24Nichols42.6
23Xcite Energy (CDI)-0.2
22Archipelago Resources-11.2
21Daisy15.5
20Avanti Communications21.2
19Advanced Computer Software60.9
18Asian Citrus (LON)-28.7
17Providence Resources (LON)29.5
16Purecircle (DI)130.2
15Rockhopper Exploration-54.2
14Quindell Portfolio56.7
13EMIS45.2
12iEnergizer0
11Monitise-2.7
10Amerisur Resources108.7
9Mulberry-49.5
8James Halstead13.8
7African Minerals-59.7
6Abcam24.7
5Songbird Estates ‘B’14.8
4Coastal Energy (DI)17.3
3Gulf Keystone Petroleum (DI)-32.7
2Indus Gas-13.6
1ASOS87.7
*As at 2 April 2013. Source: Thomson Datastream

 

RankCompany nameTIDMIndustry GroupPrice (p)1-year change (%)Market value (£m)Forecast PE ratioDividend (%) yield (%)IHT exempt*Isa eligible (+ market)**
50Hargreaves ServicesHSPBusiness Support Svs.831.5-31.22296.82.25Yes
49Dolphin Capital Invrs.DCIInvestment Trusts36.5572340No
48Optimal PaymentsOPAYFinancial Admin.164.5154.123718.60Yes
47Iomart GroupIOMInternet23064.924129.40.39Yes
46Hutchison China MeditechHCMPharmaceuticals4657.52420Yes
45Polar Capital HoldingsPOLRAsset Managers30550.6251223.11Yes
44Max Property GroupMAXReal Estate Hold, Dev11826.226017.60NoYes (CISX)
43TymanTYMNBuilding Mat.& Fix.20257.826216.42.72Yes
42Lxb Retail PropertiesLXBReal Estate Hold, Dev115-0.92680No
41IofinaIOFExploration & Prod.211417.82690Yes
40Majestic WineMJWSpecialty Retailers4221.127515.33.74Yes
39Rws HoldingsRWSBusiness Support Svs.657.527.727819.32.66Yes
38BowlevenBLVNExploration & Prod.95-42800Yes
37Pan African ResourcesPAFGold Mining15.5-5.72826.30NoYes (JSX)
36M P Evans GroupMPEFarming & Fishing5208.328517.41.54Yes
35Sirius MineralsSXXGeneral Mining21.253.72860Yes
34Geopark HoldingsGPKExploration & Prod.66014.328710.90Yes
33Eros InternationalEROSBroadcast & Entertain231-16.828711.20Yes
32Petroceltic Intl.PCIExploration & Prod.6.72-20295340Yes
31Ithaca Energy (Lon)IAEExploration & Prod.113.75-43.12965.90NoYes (TSX)
30Faroe PetroleumFPMExploration & Prod.139.75-18.329710.90Yes
29Secure Trust BankSTBBanks1897.576.529716.63Yes
28Sierra RutileSRXGeneral Mining5853015.90Yes
27BlinkxBLNXInternet8457.830431.10Yes
26Highland Gold MiningHGMGold Mining97-30.63154.72.52Yes
25Nanoco GroupNANOSemiconductors152133.93180Yes
24NicholsNICLSoft Drinks89542.6331201.94Yes
23Xcite Energy (Cdi)XELExploration & Prod.113.5-0.23310NoYes (TSX-V)
22Archipelago Res.AR.Gold Mining57.75-11.23325.10Yes
21Daisy GroupDAYFixed Line Telecom.124.7515.53339.50Yes
20Avanti Comms.Gp.AVNMobile Telecom.31521.23520Yes
19Advanced Cmp.Sftw.GrpASWSoftware85.2560.936619.70Yes
18Asian Citrus Hdg. (Lon)ACHLFarming & Fishing30.13-28.73705.60NoYes (HKSE)
17Providence Res. (Lon)PVRExploration & Prod.647.529.54180Yes
16Purecircle (Di)PUREFood Products259130.24260Yes
15Rockhopper ExplorationRKHExploration & Prod.151-54.24290Yes
14Quindell PortfolioQPPComputer Services11.7556.74329.20Yes
13Emis GroupEMISComputer Services79545.246523.41.79Yes
12IenergizerIBPOBusiness Support Svs.362.5055530.62.21Yes
11MonitiseMONIMobile Telecom.36.25-2.75600Yes
10Amerisur ResourcesAMERExploration & Prod.54.25108.756324.20Yes
9Mulberry GroupMULClothing & Accessory1010-49.560428.30.5Yes
8James HalsteadJHDBuilding Mat.& Fix.29313.860520.22.82Yes
7African MineralsAMIGeneral Mining223.25-59.77400Yes
6AbcamABCBiotechnology453.2524.790126.61.39Yes
5Songbird Estates ‘B’SBDReal Estate Hold, Dev137.7514.8102075.10No
4Coastal Energy (Di)CEOExploration & Prod.127017.3144310.60NoYes (TSX)
3Gulf Keystone Ptl.(Di)GKPExploration & Prod.177.25-32.715730Yes
2Indus GasINDIExploration & Prod.920-13.61683349.20Yes
1AsosASCApparel Retailers337887.7278370.10Yes
Source: Thomson Datastream, data correct as at 2 April 2013 * Source: Charles Stanley (please note, this should not be considered a definitive guide to IHT exemption) ** Source: Barclays Stockbrokers